everyone thinks a binance listing rally means the easy part is still ahead, but actually $IRYS got violent right after people got comfortable.
ngl this is the pain that keeps wiping accounts. you fomo the green because missing it feels worse than being wrong, then the move flips and you have no exit before the liquidation hits.
$IRYS started running the morning of october 23. later that day shorts piled in and it still ripped another 300% in a few hours, then gave it back hard. it lost 90% in a single hour, bounced just long enough to look alive, and dropped another 70%. over the past three days roughly $70 million in $IRYS positions got liquidated. a squeeze can print fast. it can also erase the late size even faster.
was this just fuel running out, or did the last buyers never have a plan for the reverse. what's your take?
#IRYS #Altcoins #CryptoTrading
ngl this is the pain that keeps wiping accounts. you fomo the green because missing it feels worse than being wrong, then the move flips and you have no exit before the liquidation hits.
$IRYS started running the morning of october 23. later that day shorts piled in and it still ripped another 300% in a few hours, then gave it back hard. it lost 90% in a single hour, bounced just long enough to look alive, and dropped another 70%. over the past three days roughly $70 million in $IRYS positions got liquidated. a squeeze can print fast. it can also erase the late size even faster.
was this just fuel running out, or did the last buyers never have a plan for the reverse. what's your take?
#IRYS #Altcoins #CryptoTrading
