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When I looked at $IRYS during the morning session, I felt something was off about this position.
On the surface, it was still holding sideways, but every upward push was suppressed. There was a lot of buying volume, but the price didn't cooperate.
Core judgment: bullish sentiment remains, but the structure has already weakened.
The short order was placed near 0.04832. After entering, I only watched for one thing: whether the rebound could regain control.
The answer was straightforward - it didn't regain control, instead it kept pushing lower.
The current price has reached 0.0148, and the short position shows a profit of +1365.49%. This wave of momentum played out cleanly.
Position management was decisive: took 80% profit, holding the remaining 20%.
There were already signs before the signal, but many people preferred to believe it would keep surging.
Set your stop-loss properly. Even a profitable trade should not be allowed to turn into a passive one.
If you missed it, don't chase. Wait for the next key level.
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