Now this is getting dangerous for $IRYS buyers. 😭
The pump has already done its job.
Almost all the weak shorts have been squeezed out, most of the traders who were fighting the move are already gone, and now late buyers are jumping in because they think this thing can only go higher.
That’s exactly the part that makes me nervous for them.
When everyone on one side gets flushed out and the other side becomes overconfident, the market can turn very fast.
For me, now is the time to watch for the dump.
The squeeze is done.
The panic is done.
The shorts are mostly out.
Now it’s time for $IRYS to show whether this pump was real… or just the final trap before the drop.
The pump has already done its job.
Almost all the weak shorts have been squeezed out, most of the traders who were fighting the move are already gone, and now late buyers are jumping in because they think this thing can only go higher.
That’s exactly the part that makes me nervous for them.
When everyone on one side gets flushed out and the other side becomes overconfident, the market can turn very fast.
For me, now is the time to watch for the dump.
The squeeze is done.
The panic is done.
The shorts are mostly out.
Now it’s time for $IRYS to show whether this pump was real… or just the final trap before the drop.