This $IRYS move isn’t suddenly weakening—it’s that the funds showed signs of it already at the high end. On the surface, the price is still just “grinding,” and many people think it’s only normal consolidation, but what I’m seeing is that the sell pressure overhead is getting heavier and heavier. Each bounce back is weaker than the last.

I’ve been holding this short position since around 0.03013. After it was pushed down to 0.0134, the current return rate is +1091.99%. There have also been back-and-forth moves in the middle, but every time it pulled back, it couldn’t regain and hold the key zone again. That’s exactly why I’m continuing to hold.

To put it plainly, what the market fears most isn’t falling—it’s a fake strong market. It looks solid, but once the funds pull back, it becomes fragile. What really caught my attention is that after the breakdown, it didn’t quickly reclaim—this shows the shorts weren’t just testing; they were taking control of the pace.

Now that the profits are already in the bag, don’t let greed lead you astray. For traders with larger positions, you can take profit on 80% first, then keep the remaining 20% with break-even protection to continue watching for room as volatility opens up. If you haven’t entered, don’t rush in just because you see gains—after a sudden drop, chasing can easily leave you getting tormented by a rebound. Wait for the next deterministic opportunity.

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