This short squeeze is finally gaining momentum. When $IRYS started pressing down from the high, the vibe had already shifted.

I opened a short around 0.04832. At first, I wasn’t in a rush — I was waiting for confirmation of resistance above. But after the price surged, it couldn’t sustain and quickly got knocked back, which shows the bulls are starting to lose their grip. A lot of people were still waiting for a breakout, but what I saw was a clear structural weakening.

Now the price has dropped to 0.01396, with a gain of +1399.72%, and the trend is clearly extending. The best part about making money on a short is that once the direction plays out, you don’t need to mess around too much — just handle it step by step. The steeper the drop, the more you need to resist adding positions out of excitement. Protecting profits is more important than chasing fantasies.

I’ll take profits in an 80/20 split — lock in the main gains first, then set a trailing stop for the remaining position. For those who missed the entry, don’t force it. The market won’t only give one opportunity — wait for a more comfortable spot to strike.

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