Bear markets don't necessarily mean going long. It's important to realize that even if there's a large liquidation volume above, judging and predicting the trend based solely on this is very one-sided, because if the market turns bullish again, the long liquidation volume will be re-established.
Therefore, whether it's Bitcoin at 97,000 or Ethereum at 3,580, these are extreme levels. If the market indeed rebounds as expected and aims for a second attempt to short, it doesn't necessarily have to be at the peak; positions can be scaled in gradually. For example, a main position around 3368. When the market is unclear, the best approach is to stay calm. Starting tomorrow, I will pause analysis for a month due to being busy. However, if I have any movements, I will directly provide entry points. If there's no update afterward, it means I am holding a standby, observing the market.
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100UsdBravelyVentureIntoThe
· 12-14 02:23
Want to set take profit and stop loss levels, afraid of retracement, so close immediately, decide for yourself
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DetailsPrevailOverTheLatter.
· 12-14 02:20
So should I close my short position? I haven't closed at 3100 yet, I thought it could go down to 2800.
Bear markets don't necessarily mean going long. It's important to realize that even if there's a large liquidation volume above, judging and predicting the trend based solely on this is very one-sided, because if the market turns bullish again, the long liquidation volume will be re-established.
Therefore, whether it's Bitcoin at 97,000 or Ethereum at 3,580, these are extreme levels.
If the market indeed rebounds as expected and aims for a second attempt to short, it doesn't necessarily have to be at the peak; positions can be scaled in gradually. For example, a main position around 3368. When the market is unclear, the best approach is to stay calm.
Starting tomorrow, I will pause analysis for a month due to being busy. However, if I have any movements, I will directly provide entry points. If there's no update afterward, it means I am holding a standby, observing the market.