BTC rises to $112,933! Fans who opened short positions at $110,500, don't panic, Captain will teach you a three-step method to get out!
“Captain, my short position was trapped at $110,500, and now the price has risen to $112,933. What should I do?” Recently, many fans have privately asked this question. Don’t worry, today we will analyze the ‘trump card’ of this wave of market, and by the way, leave a hook—after reading the article, you will definitely want to follow more of Captain’s exclusive strategies!
Current price $112,933, just below the upper Bollinger Band ($113,521), and strong resistance is at $113,921. What does this mean? Short-term upward momentum may weaken, but if the resistance is broken, the short positions will be more dangerous! Fans who opened short positions at $110,500 are currently losing $2,433 per contract, and if the price breaks through $113,921, the loss could expand to $3,421—this is not a small amount!
So how do you break free? The Captain gives you three moves:
First move: take partial losses, leave a way out
The current price is 112933, with a space of 988 dollars to the strong resistance level of 113921. You can first take losses on half of your position, for example, if you have 1000 short positions, close 500 first to lock in some losses. Wait for the remaining 500 to close when the price approaches 113500, which reduces losses and avoids the regret of a 'one-size-fits-all' approach.
Second move: wait for a callback, go long on the rebound
Look at the trend line on the chart, the price is near point (3) (112500) which has support. If it can pull back here, the losses from the short position may narrow. Even better, if the price breaks below the support level, you can go long on the rebound, recovering the losses from the short position - this move requires precise judgment, but the Captain's team has exclusive indicators to help you monitor the market!
Speaking of which, are you wondering: 'Captain, how come these points you mentioned are so accurate?' Hehe, this is today's hook - the internal strategy of the Captain's team can predict resistance and support levels in advance, allowing you to act before others! Want to know how to operate specifically?
The current price is 112933, only one step away from the strong resistance level of 113921. Fans who are trapped in short positions must take immediate action! Should you take partial losses, hedge, or wait for a pullback? Choose the right strategy, and not only can you break free, but you can also make a profit!
The Captain's team is waiting for you to join, in the next issue we will discuss 'Is the BTC bull market really here?' - Follow along so you don't get lost, let's explode the followers now!
