After watching IRYS's movement all day, I finally got the opportunity I was waiting for.

The 4-hour RSI has already soared to 77.5, firmly in the overbought zone. Meanwhile, the 1-hour MACD has formed a death cross today, and the histogram has turned negative, indicating that the upward momentum is indeed weakening. Interestingly, the surge this morning looked fierce, but the trading volume actually shrank by 95.7%. This kind of divergence between volume and price is a clear signal—fewer people are going long.

I had not dared to short earlier, for a simple reason: in such a strong trend, blindly chasing a short position carries uncontrollable risk. I had to wait until the rebound lost momentum. Now, it seems the timing has arrived.

My approach is this: if the price rebounds to the 0.041 to 0.042 range, and the 1-hour candlestick shows signs of stagnation, I will gradually enter short positions. The stop-loss will be set above 0.044, at the previous high breakout point.

The targets are in two stages. The first is 0.037, which is a previous support level. Going further down, around 0.034 is a structural support on the 4-hour chart, which will be the second target.

A rough calculation shows that the risk is around 0.003, with potential gains of 0.005 to 0.008. The risk-reward ratio exceeds 2:1, making this a good risk-return profile. Market conditions are constantly changing, so the most important thing is to stick to discipline and only trade those swing trades with reliable win rates and favorable odds.