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Under the current market conditions, $IR has broken below the key support level of 0.1. Whether it can hold above 0.08 will become an important indicator for judging the trend. From a technical perspective, this wave of decline has been quite fierce. Considering the market uncertainties after the New Year, the subsequent trend indeed warrants caution.
Regarding current position management, it is recommended that bullish players with positions above 0.14 consider moderate reduction or taking profits. Being able to rebound back to 0.12 is already a relatively good performance—this level can serve as an observation point.
From tonight's technical analysis, the key resistance level is around 0.095. If the price continues to decline, the space above 0.2 will essentially be gone. This stage is more suitable for precise operations rather than blindly bottom-fishing. The market does not have an absolute profit mechanism; following the trend often marks the beginning of losses. Assess the situation carefully before entering the market—it's always wiser than rushing to get on board.