The recent rally of IRYS shows a very regular bullish rhythm, and the trend is quite strong. Some people have stopped out here, but based on the current movement, a bearish pattern has not truly formed yet.



My advice is: don't rush to catch the top and short. Many people have suffered losses because of this—frequently stopping out or having to hold through the position. The problem is, as long as the bullish trend hasn't been broken for a day, short positions entered prematurely are very likely to become cannon fodder for the bulls.

Instead of risking it by trying to bottom-fish or catch the top, it's better to wait until the bearish pattern is fully established before taking action. When the buy-sell reversal signals appear, the opportunity will naturally come. Acting at that time will give you better odds.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
MetaMaskedvip
· 01-09 21:51
Absolutely, don't be reckless until the bulls break through --- Those who frequently cut losses really deserve to lose --- Wait for the signal to be confirmed before acting, now that's professionalism --- Want to buy the dip and also want to catch the top, no wonder you become cannon fodder --- As long as the bulls haven't broken through for a day, shorting aggressively is indeed prone to reversal --- I'm the one who has suffered losses before, now I've learned my lesson --- Instead of gambling on uncertainty, it's better to wait for opportunities to come to you --- Shorting in a strong market is truly a suicidal move
View OriginalReply0
Anon32942vip
· 01-09 21:50
Really, if the bull trend hasn't broken, don't blindly short; it's easy to get wiped out. --- Stop loss, stop loss, until there's nothing left. This time, learn to be smart. --- Wait for the signal to be confirmed before taking action; otherwise, you'll just be cannon fodder. --- Alright, let's see how long IRYS can hold up. --- There's nothing wrong with what you said, but no one can actually execute it. --- Instead of trying to top out, it's better to honestly follow the trend—simple and straightforward. --- As long as the bullish trend is there and the bearish pattern hasn't appeared, this logic makes sense. --- Those who frequently stop loss are impatient; this time, let's wait and see. --- The phrase "favorable odds" sounds good, but the key is to survive until that moment. --- Actually, it just means don't be greedy, but those who are greedy always suffer the worst losses.
View OriginalReply0
OnchainArchaeologistvip
· 01-09 21:49
It's the same old story, don't blindly short if the bulls haven't broken through. That's how I got wrecked. Really, catching the top is a death sentence. When I see it rising, I want to buy the top, and then there's nothing afterward. Waiting for signals is easy to say, but who can resist when the itch to trade kicks in? IRYS's rhythm is indeed regular, but does regularity mean it's easy to make money? Not necessarily. Frequent stop-losses = chronic self-destruction, I agree with that. Instead of guessing the top, it's better to watch for breakdowns. If it breaks, then act. I'm just lying here waiting now. Anyway, as long as the bull trend isn't over, don't mess around. The orders I have are still there, just not looking at them anymore. This is the toughest test of human nature. Most people can't hold on.
View OriginalReply0
LiquidatedDreamsvip
· 01-09 21:42
A typical stop-loss strategy, always trying to buy the dip but ending up getting whipped out. Don't force a short position before a bearish signal appears—that's a valid point. The bulls are still eating meat, rushing to intervene is just asking for a beating. Just wait for the reversal signal; there are plenty of opportunities anyway, no need to rush on this train. Many people fall because they are unwilling to wait. This wave's rhythm is indeed regular, but I still think it's a bit risky. Honestly, frequent stop-losses are more uncomfortable than losing money directly.
View OriginalReply0
SilentObservervip
· 01-09 21:41
Really, those who frequently cut losses deserve to be harvested... The bulls haven't broken through yet, entering short now is just asking for death. Wait for the signal, don't be greedy for those tiny profits. Hold on, don't get chopped like chives. That's right, those who can't resist bottom fishing all end up losing.
View OriginalReply0
MetaNomadvip
· 01-09 21:32
Once again, stop-loss traders are being wiped out; this bullish trend indeed isn't over yet. Entering before the bullish trend breaks is asking for trouble, I'm not criticizing you. Don't act until the odds are right; wait for the signal. If the rhythm is off and you're trying to top out, you're just giving away money. Understand it clearly before entering. For those still trying to top out, I can only say you deserve it. Wait a minute, is there really no reverse signal this time? As long as the bulls haven't broken through in a day, short positions are just meat grinders. Good grief, waiting for the pattern to establish again—what if you miss the market this way? Rhythm and pattern ≠ good odds; don't be fooled.
View OriginalReply0
GasGasGasBrovip
· 01-09 21:31
Stay calm and hold, wait for the signal before acting, don't dig your own grave. Frequent stop-losses are truly a terminal illness. If the bulls are still dancing, don't rush to reverse your position. A trend reversal signal is the real entry point. Trying to top out now is just asking for trouble. The rhythm of IRYS this time is indeed regular, but the biggest risk is human nature's unpredictability—greed is unstoppable. Wait until a clear bearish pattern is established before taking action; the odds should justify the risk. Honestly, don't be scared off by stop-losses; they just mean some people can't wait. If the bulls haven't broken through, entering a short position is just feeding the bulls—nothing more to say. It seems many people just can't stand it and must take a shot at the top. Waiting for a confirmation signal isn't that hard—it's just a test of human nature. With IRYS's rhythm, only after the bearish trend is fully confirmed should you go in, so the probability is on your side.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt