Is this $IRYS pump really strong, or are late buyers about to get caught at the top? 👀
At first glance, the move looks bullish. But looking at the bigger picture, $IRYS is approaching a major higher-timeframe selling zone, and that’s where I’m getting cautious about chasing longs.
The on-chain activity I’m tracking also appears to show selling pressure building while retail buyers keep jumping into the pump.
That combination makes this setup interesting to me.
So, I’m taking a BIG SHORT on $IRYS here. 👇🏻
🎯 TP: $0.020
⚠️ SL: No fixed stop-loss — I’ll manage the position manually.
I’m keeping a close eye on risk, with my liquidation level planned above $0.05.
If selling pressure continues to build, we could see a sharp reversal from here. But I’ll be watching price action closely because a strong pump can always push higher than expected.
Stay cautious, manage your risk, and don’t chase every green candle. 👀
At first glance, the move looks bullish. But looking at the bigger picture, $IRYS is approaching a major higher-timeframe selling zone, and that’s where I’m getting cautious about chasing longs.
The on-chain activity I’m tracking also appears to show selling pressure building while retail buyers keep jumping into the pump.
That combination makes this setup interesting to me.
So, I’m taking a BIG SHORT on $IRYS here. 👇🏻
🎯 TP: $0.020
⚠️ SL: No fixed stop-loss — I’ll manage the position manually.
I’m keeping a close eye on risk, with my liquidation level planned above $0.05.
If selling pressure continues to build, we could see a sharp reversal from here. But I’ll be watching price action closely because a strong pump can always push higher than expected.
Stay cautious, manage your risk, and don’t chase every green candle. 👀