$IREN: Macro Compression, Pivot Still UnclaimedIREN LimitedBATS:IRENesenkaratekinIREN is trading below the 59–61 Pivot Zone. Until price reclaims this level, any upside move remains unconfirmed. The structure is forming inside a Macro Compression: Major Descending Resistance overhead and Rising Demand / Dynamic Support below. As the two converge, the decision point draws closer. Resistance isn’t single-layered. The 66–76 Supply Cluster forms a confluence with the descending resistance above — old swing highs, wick extremes, and active supply are all concentrated in that range. To the downside, 52–55 is the first demand buffer. If that fails to hold, the rising trendline acts as the next dynamic cushion before the 40–44 Major Support comes into play. On the RSI, the trendline has broken, with former support now acting as resistance. That said, as long as the 50 momentum threshold holds, the broader structure is not fully compromised. This is a trend analysis and does not constitute investment advice in any form.