Strategy: When Price Walks the Line—And Bullish Flow Follows

At SetYourStop, we emphasize structure first. One of our core system rules—clearly outlined at the top of every report—is simple: when price begins to trend above its upward-sloping moving averages, that trend is valid until the one time it isn’t.

IREN Limited (IREN) is a textbook example of that principle in action.

The Setup Comes First

IREN first appeared in our Weekend Report on June 6, 2025, trading at $9.78, as price action coiled just beneath significant horizontal resistance. The structure was forming. Volatility was compressing. All that was needed was momentum and conviction.

Real-Time Chart from SetYourStop Report

By June 9, the breakout attempt was underway. IREN was featured in our Daily Setups Report, flagged for attempting to push above resistance.

Real-Time Chart from SetYourStop Report

Then Came the Flow

The technical setup wasn’t alone. Bullish unusual options activity began showing up at the same time in our Unusual Activity Report:

June 4: Over $1.95 million in call premium bought, with an additional $265K collected through put selling
June 9: Nearly $1 million net premium leaned bullish
June 12: $2.8 million in net premium reflected further institutional confidence
June 25: $5.02 million in call buying, $853K in put selling—totaling $3.96 million in bullish net premium
June 27: $2.24 million net premium, again skewed toward call buying and put selling

Each wave of positioning added reinforcement to what the chart was already showing: buyers were in control.

Real-Time Chart from SetYourStop Report

The Trend That Followed

From June 6 to July 1, IREN climbed from $9.78 to $16.23, delivering a 66% move.

More importantly, price action walked above its upward-sloping moving averages the entire way—respecting system structure from start to finish. Every pullback held trend. Every dip saw volume return. The chart followed our playbook with precision.