If you’re stuck in a short this is a very important post you can even take it as a warning. Most people make the mistake of looking at RSI and as soon as it becomes overbought they open a sell (short) trade. But do you really think whales don’t know this? They make profits by liquidating traders like you and me. Especially when the market is in a parabolic phase placing trades based solely on RSI can be risky. No doubt RSI is a very useful and trending indicator but sometimes we also need to observe market momentum. Just like ASR’s current movement it will likely go back to the same zone it was previously rejected from. So don’t short it for now. With this kind of momentum, these coins can keep pumping. Yes, if you’re doing quick scalps for 2–3% moves, that might benefit you. Otherwise there’s no point in holding a short for too long.

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