$IRYS is weakening here—it was already quite clear during the session.

I entered this short around 0.04832. Now the price is at 0.0152, with current profit of +1349.6%.

A lot of people saw the first dip and still thought it was a fakeout, but I don’t buy that. A truly strong move won’t keep showing selling pressure and still not be able to pull back.

The most critical point back then was that the pullback highs kept getting lower.

This isn’t normal ranging—it means the bulls are starting to loosen their grip.

The way I handled this trade was also fairly straightforward: 80% took profit and pocketed the gains, and the remaining 20% continues to follow the trend.

My protection line is placed above the short-term pullback. If it keeps getting pressured, we’ll keep watching; if it can’t be pressed, we撤.

To put it simply: shorts fear hesitation the most.

If you don’t cash out when it’s time, it’s easy for the market to take the profit back.

Now it’s not suitable to emotionally short on the chase. If you don’t have a position, wait for the next time it meets resistance.

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