🔴 Short Selling Strategy (High Risk, Suitable Only for Short-term Experts)
Entry Timing and Price Levels:
- Short Selling in Resistance Zone: $3715-3775 (Bollinger Band Upper Limit + Previous High Pressure), accumulate positions gradually at highs.
- Overbought Signal Confirmation: Enter when RSI > 70 and a long upper shadow candlestick appears.
- Target Profit Levels:
- First Target $3600-3580 (4-hour MA30 Moving Average).
- Second Target $3500-3460 (Daily Neckline Level).
- Stop Loss Setting: Break above $3780 or 3%-5% position stop loss.