This short position finally played out. $IRYS has been under pressure at the highs for a while now—it’s not something that started just today. When it kept failing to push higher earlier, I already felt something wasn’t right.

What I was watching wasn’t just a single bearish candle, but the strength of the buyers stepping in after each rally. Once the opportunity came around 0.03013, I entered the short and kept watching the structure. What really drew my attention was that the pullbacks were getting weaker and weaker, while the key levels kept getting pushed downward.

Now the price has reached 0.01388. This short has a return of +1059.97%, and the market released its downside space very decisively. A lot of people are still waiting for bounce confirmation, but the chart opened up the lower space first. In plain terms, the rhythm has changed.

For brothers who have positions, I think managing it with an 80/20 split feels more comfortable: take most of the profit off first, and keep the rest with a protective level in place to watch for further extension. Don’t let floating profits churn back and forth. If you didn’t catch it, don’t force the short—wait for the next more comfortable entry.

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