This wave of short positions finally pushed the move through. $IRYS started to struggle to hold from the high, and I knew this stretch couldn’t be viewed as just a rebound anymore.

What really caught my attention was that the price couldn’t keep breaking higher from above—volume couldn’t keep up. You’d see it get pushed up a bit, only to be shoved back down right after. A lot of people were still waiting for it to continue driving higher, but the market’s condition was already off. My short entered at 0.04832, targeting continuation after the high-level pressure and the rejection. The current price is now 0.01304, and my return is +1436.8%. The trading space has been released pretty decisively.

This wasn’t forced through by emotion alone—the key is that the rhythm changed. The earlier attempts by the longs didn’t produce any effective extension; instead, every time they pulled it higher, it gave clearer confirmation of suppression.

Brothers who have positions can consider handling it in batches using an 80/20 split—take the majority of the profit first, and keep the remainder with a protective level to continue monitoring. If you missed it, don’t worry—don’t chase the low. Wait until the next more comfortable position to make your move.

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