Many people were just looking at the rebound, but I was more focused on whether the resistance above $IRYS had been eaten. The result was clear — if it can't break through, that's a signal.

Earlier around 0.04832, I already noticed the change. The price rushed up each time in a hurry, but fell back even faster. This kind of price action is not a strong continuation, but a bear takeover after distribution at the top. What really caught my attention was the lack of a decent pullback after the retrace break — it shows that the bulls are starting to hesitate.

Now the price has come to 0.01407, and the short position profit has already reached +1396.46%, with the trend clearly extending. This trade wasn't about guessing the direction — it was about letting the structure give the answer. After confirmation, following in gives much more peace of mind.

Profits have already been released here. Those with heavy positions can take most of them off first, keep a small portion to see if the price gets pushed lower, and at the same time move the stop down. Don't get carried away just because of a single red candle. If you missed it, you missed it. Don't chase shorts. Wait patiently for the next opportunity.

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