That is a clean setup for $IR. It looks like you're eyeing a classic "Breakout-Retest-Go" play, which is often one of the higher-probability setups in this 2026 market environment.
Here is a breakdown of your trade parameters and an update on the catalysts you mentioned:
Trade Setup Analysis
* Entry Zone (0.090 – 0.096): This aligns with a retest of previous resistance-turned-support. Entering here offers a solid Risk/Reward ratio.
* Take Profits (TPs):
* TP1 (0.115): Roughly a ~20% gain. Good for de-risking.
* TP2 (0.135): Targeting a mid-range extension.
* TP3 (0.160): The "Moon Bag" target, representing a ~70% move from entry.
* Stop Loss (0.082): Placed just below the local swing low, protecting you from a failed breakout.
Regulatory & Market Catalyst Update
Since you're tracking the #CLARITYAct, here is where things stand as of February 19, 2026:
* CLARITY Act Status: The bill (H.R. 3633) is currently in the Senate Banking Committee. After a strong House passage last year, momentum stalled in January 2026 due to disagreements over stablecoin rewards and SEC vs. CFTC jurisdiction.
* Expected Passage: Senator Bernie Moreno recently noted (Feb 18) that they are aiming for passage "hopefully by April." Prediction markets currently show a ~72% chance of it being signed into law by the end of 2026.
* BTC Strategy: With the #StrategyBTCPurchase trend, institutional "HODLing" is at an all-time high. IBIT and other ETFs are seeing steady inflows, which generally provides a supportive floor for the broader altcoin market ($IR included) as long as BTC stays above its current support levels (roughly $66,000).
> Pro Tip: Keep an eye on the February 28 White House deadline. If the administration reaches a deal on the "yield dispute" within the act, we could see a massive volatility spike across all digital assets.
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Would you like me to calculate the specific Risk-to-Reward (R:R) ratio for each of your TP targets based on your entry?
