High-level consolidation, where to short? Where to go long? #BTC
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What about over there?
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Now the cost-effectiveness of going long at a high level is no longer high. The strategy I posted earlier for going long after breaking 88600 has yielded over 6000 points in profit; I don't know how many people followed it.
Current conditions for going long: Break and hold above 94400 to chase long, but the upper space feels limited, and it might be a false breakout that takes out stop-loss liquidity for shorts near 96000 before falling back. If that's the case, it could be a good opportunity to go short.
Alternatively, observe support around 91700 to go long, ideally waiting for a false breakdown to recover before entering for better stability, with the first target at 88400.
Conditions for going short: A true breakdown below 91700, do not hesitate to short directly, and if you went long, stop-loss and reverse. Or short directly near 94400, but the risk is slightly higher. The highest cost-effectiveness is to wait for a spike above 94400 for a false breakout and then fall back; if the close is below, just short directly, with the first target around 91700.
I don’t know how many people can understand this, saying my long and short statements are ambiguous, both sides are correct.
Good opportunities and good entry conditions are waited for, not subjectively believing that it will definitely rise or fall. The trading plan remains unchanged, and stubbornness is not altered; strategies should adapt to the market trends.
The last batch of people who stubbornly refused to change, are still injecting money to average down on their trapped short positions, and it’s still uncertain whether they can break even.
