📉$IRYS USDT PERP SHORT Continue the fade 💯💯💯‼️
Last Price: $0.03602
24h Change: +0.59% Dead cat bounce
24h Low: $0.03241 Target zone
Entry Zone: $0.03600 - $0.03650 Sell $0.03614 retest
Targets:
TP1: $0.03500 🎯 -2.8%
TP2: $0.03400 🎯 -5.6%
TP3: $0.03274 🎯 Green box -9.1%
TP4: $0.03241 🎯 24H Low -10.0%
TP5: $0.03100 🎯 -13.9%
TP6: $0.03000 🎯 Psychological -16.7%
Stop Loss: $0.03733 ❌ Red box - above $0.037
Leverage: 5x - 10x Micro-cap
Risk/Reward: $0.00131 risk vs $0.00602 reward to TP6 = 1:4.6 RR
Why Short IRYS:
Rug continuation: -41.35% → -29.77% → still -6.8% from $0.0386 high. Trend = down
$0.03864 rejection: 24H high failed. $0.03733 red box = LH confirmed. Lower high = shorts control
Green box target: $0.03274 = -9.1% from here. $0.03241 24H low = -10% magnet
773M volume: Heavy distribution. Every bounce to $0.036 = exit liquidity for trapped longs
Sub $0.04: $0.039 lost → $0.038 lost → $0.036 breaking = $0.032 → $0.030 next
No support: Sub $0.01 coins = -10% candles easy. $0.036 → $0.032 = fast flush
⚠️ Risk: +0.59% 24h = short squeeze risk. If $0.03733 breaks, squeezes to $0.03864 = +7.3% = wreck shorts. Micro-caps = +15% bounces in 5 min. Use tight SL.
Invalidation: 1H close above $0.03733 = reclaim $0.037. Then flip long to $0.03864 → $0.039. But LH + rejection favors shorts.
Position Management:
Entry: $0.03602 now, SL $0.03733 for 3.6% risk.
Take 50% at $0.03400. Move SL to $0.03580 breakeven.
Let 50% run to $0.03274 → $0.03241 → $0.03000.
Not financial advice. IRYS -41% rug = casino. DYOR.
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