This pullback isn’t a simple retreat—it’s a downward push in sequence after the high level has swept the liquidity. The $IRYS short was opened at 0.03013; now the price is at 0.01316, with unrealized profit +1107.67%. The trend has extended clearly—the grinding, exhausting consolidation before finally paid off.

At the start, many people saw the wick and thought it was going to keep pumping, and even some got tricked into a short-term rebound. But the points I’m watching are different: what really caught my attention was that after sweeping above, the price didn’t continue expanding upward—instead, it quickly got pushed back into the range. This kind of order flow usually indicates there isn’t enough follow-through from above.

In plain terms, the rhythm has changed. Panic doesn’t show up after the selloff—it shows up when everyone realizes the rebound is getting weaker and weaker. Holding the short until now, the profit is already quite substantial. For those with larger positions, you can first manage it with an 80/20 approach; the rest can be kept with a protection level.

Don’t add recklessly just because you’re in profit, and don’t chase just because you didn’t catch it. Missed opportunity—don’t chase shorts. For rebounds—don’t chase entries. Wait for the next time a truly certain opportunity appears.

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