This short position feels very comfortable. The moment that strong “holding up” feeling like at the $IRYS high-zone shows up, I knew I couldn’t keep viewing it from a long-only perspective anymore. On the surface it’s still grinding sideways, but in reality every upward pull gets pushed back down—the rhythm has already shifted toward the sell side.



The key is around 0.03013. It’s not that there hasn’t been a bounce before—it's that the bounces didn’t have quality. What really made me pay attention is that the price can’t be lifted, while the key area starts to loosen. This kind of order book setup is the most prone to suddenly release volume downward. Now it has moved to 0.01353, +1086.76%, and I’ve taken it— the market’s upside potential being released has been smoother than expected.

If you have positions, don’t just stare at the profit numbers—protecting your gains is the priority. I’ll handle it with an 80/20 approach: first, stop out part of it, then use the protective level to follow the rest. If it can keep running, let it run; if it can’t, don’t get hung up on it.

You don’t need to catch the full move every single time. Don’t chase what you miss. Don’t chase the bounce—be patient and wait for the next opportunity to show up.

$BTC $ETH
IRYS-5.84%
BTC1.51%
ETH2.48%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned