After RIVER broke below the support level on the bearish belt hold, the short-term rebound space is limited. From a technical perspective, the rebound reaching around 5.2 is a better position to get on board for short positions. Looking at the recent trend, this price level is clearly under pressure, with a higher probability of breaking down. It is recommended to set open orders at 5.2 to execute the short strategy, with a stop loss set at 5.4. Under controllable risk conditions, the idea of counter-trend short during the rebound is worth following.
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GrayscaleArbitrageur
· 12-23 13:49
5.2 Rebound and short, I've played this trap too many times, whether it breaks or not, let's talk about it later.
After RIVER broke below the support level on the bearish belt hold, the short-term rebound space is limited. From a technical perspective, the rebound reaching around 5.2 is a better position to get on board for short positions. Looking at the recent trend, this price level is clearly under pressure, with a higher probability of breaking down. It is recommended to set open orders at 5.2 to execute the short strategy, with a stop loss set at 5.4. Under controllable risk conditions, the idea of counter-trend short during the rebound is worth following.