I drew the downward trend for the currency $YGG
on the four-hour frame
And I wanted to give advice for you and me
If you are in the position:
Sell/Short: As long as prices are below the trend line, selling is the better option, especially if the price returns to approach the trend and fails to break it.
Set a stop-loss just above the trend line, such as at 0.185 – 0.19 (depending on market movements at that time).
If you are out of the position:
Do not enter a buy now, as the overall trend is still downward.
Monitor the trend break: If the price breaks the trend upward and closes above it with two 4-hour candles, it may be a signal for the beginning of a reversal.
Or wait for the price to return to test the trend, then start selling from there with a small stop-loss.
