I was WRONG about $WIF .

That is the point (see screenshot) when I thought it was a good idea to open a short position.

But as you can see, #WIF continued ascending.

What do we learn from it?

1. There is a difference between short position when price follows a pattern (safest bet), short position when price bounces off its resistance zone (mid risk), short position when price establishes new HH (riskiest).

Something you have to take into account for your next orders to avoid mistakes like this.

2. FOMO or timing. Give it at least 2 hrs to develop.

Identify the movement here (down, up, sideways).

3. Indicators. See if they support what you learned already.

3 simple steps that will help you avoid the mistake of opening a loosing position.

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As for today's WIF situation - I would not risk opening neither long nor short position.

RSI is at the top, but OBV still has lots of space to grow, SAR and BOLL are not in the best position either,. Let's wait.