🔴｜We need to obtain information from the candlestick chart before making trades instead of focusing on news
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Just like the current market, which is steadily recovering upwards, what do you have as a condition for shorting? Is it just your feeling?
Yesterday, BTC broke through for a short, and there was no issue with that, but throughout the day, there wasn't a significant downward volume. Instead, it has now retraced below the break-even stop-loss level, so we shouldn't continue to hold against the position. Take your break-even and walk away, waiting for the next suitable entry point.
Now, BTC has completely broken through and stabilized above the left-side resistance level of 106,000, and it is gradually and slowly recovering upwards, returning to the position before the drop that started on June 20.
The next suitable point for shorting BTC is likely around 108,000-109,000, which aligns with a left-side resonance level. Correspondingly, for ETH, it is around 2,570. Therefore, those without positions should just patiently wait at this time.