The rebound is here, but don't rush to call it a bull market! 🧐
The real key is: can the lows during the pullback be higher than the previous ones?
Only when the lows are raised + the sideways movement stabilizes can we truly digest the selling pressure and have a chance to break the downtrend!
Currently, the strength of the rebound compared to the previous sharp decline is still at a junior level. So:
Don't blindly short-sell!
The correct approach is: wait for the pullback to the support level and go for a very short-term rebound!
My plan:
