This short position finally came through. The move where $IRYS got slammed down from the high made the chart’s momentum feel obvious.

My entry was at 0.04832. It wasn’t that I chased because it was already dropping. Rather, it kept failing to break through at the high, the strength of each rebound got weaker, and what really caught my attention was that every rally was getting smashed back down—its structure had clearly changed.

Now the price is at 0.01337, and the return is already +1424.17%. The room in the trade has been released pretty decisively. A lot of people were still waiting for it to keep surging higher, but they got snapped awake by a single pullback. Plainly, the rhythm has shifted from “buy the rebound” to “push it back down and sell.”

I’ll manage this trade with an 80/20 scale-out. I’ll first lock in most of the profits, then keep the remaining small position with a protective level to see if there’s further extension. The profit is already there—there’s no need to hard-fight the order book.

If you have a position, remember to protect your profits—don’t let the gains retrace too much. If you didn’t get in, don’t rush. Don’t chase, don’t short out of emotion. Wait for the next opportunity to present a more comfortable entry.

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