Trading Notes: #pnut

Trading Mode: 10X Leverage, Quantitative Loss

Entry for Short Position on January 09 at 0.56 (Score 63)

Exit for Short Position on January 13 at 0.61 (Score 0)

Overall Score (0)

Entry Reason: Effective breakout at the lower edge of the box, did not break the downtrend line

Trade Record: Currently holding a short position, take profit range 0.45-0.32

Trade Summary: Looking back at this trade, I didn't wait for the stop loss point and exited early. It feels strange that the resistance level was so easily broken. The issue with this trade was logical; it had already dropped significantly before, and the lower range was too narrow. The support was not a major resistance area, just a small box resistance area, which is meaningless. Shorting here does not offer a high risk-reward ratio. Although it has now dropped back below the box, the ease of breaking through the 0.588 resistance area indicates that this resistance zone is no longer meaningful. It's better to recognize the loss and move on to find the next target. Next time, when shorting, pay attention to the width of the range.