That earlier spike felt off to me; $IRYS looked like it was about to break out, but it was more like a trap to lure in buyers.

At the time, I was watching the reaction near 0.04832. The price pushed up but didn’t see sustained buying; instead, it started pulling back frequently. This kind of price action is easy to second-guess. Many were still staring at the highs, hoping for another push, but I was more concerned about whether a breakdown below would accelerate.

Now it’s down to 0.01457, and the short position is up +1374.46%. With the volatility opening up, the trend extension is clear. This level is critical—not just selling because it’s dropping, but because the weak signals were already there. Most people just didn’t catch on.

Now that profits are in, I won’t ride this all the way down. I’ll take partial profits first, then protect the remaining position. When the market gives you a gift, take it—don’t treat unrealized gains as guaranteed.

If you missed it, no rush. Don’t chase. Wait for the next opportunity.

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