Hello everyone, I am Brother Panda. I went short yesterday and took profit, making a lot of money.
I said to go short at that position, but whether to take profit or not is my own problem.
I am a left-side trader, so with today's rise, I still go short at high points. Let’s explain further below.
The large pancake rose sharply yesterday, breaking through the resistance level. Currently, this chart has reached the 4-hour resistance level again, and today it has also broken through the upper KC1 line and pulled back without breaking. The trend continues to look bullish, but there has to be a top eventually. I currently can't find one on the 4-hour chart, so I made a daily chart. The position of the red line above is 90728. When it reaches this position, I will have to go short out of respect. Of course, you can also think bigger and go short directly at 90500. The current rise is really absurd; it was originally falling well, U.S. stocks are down, and MicroStrategy is forcefully buying to maintain its stock. Please remember that today's rise is for a better drop. If you go short at 90500, please hold on, but also remember to set a stop loss at 0.7%.
