Should IREN holders watch for a red weekly BX before selling?

$IREN Ltd(IREN)$

One of the top-rated stocks in my poll this week is now up 219% since the weekly BX closed higher lows.

If you’re buying here, you’re paying a premium. That doesn’t mean it can’t keep running — it just means you’re not getting a discount. In my view, the buy zone was under $8.

If I were in, I’d be taking 30% profits and letting the rest ride until the weekly BX turns red.

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