Why do you always buy at the highest point? Because you only dare to buy after you’ve “confirmed the uptrend,” and by then the profits have already been eaten.
Let’s take a ready example:
$CYS . Current price is 0.1315, and all the moving averages are above it—so any rebound won’t go far. By the criteria above, you short the rebound at 0.1343, set a stop-loss at 0.1389, and target 0.1284. The short-term range is very clear: support at 0.1284, resistance at 0.1343. If the rebound resistance can’t be broken through, that’s your short entry. RSI is 50, and the retest has no strength.
I’ve given you the method; the rest is up to you to practice.
That’s the whole idea—no beating around the bush. If you really want to follow through, remember these eight words: enter in batches, use a stop-loss, don’t go all-in—there’s always another opportunity.
Price is still above the 20-day line at 0.1313, but it’s very close. If it breaks below, that’s when the bears really start moving.
I personally shorted once around 0.1343 during the rebound, with a stop-loss at 0.1390, and tried with a light position.
The MACD has a bullish crossover and is curling upward, but it hasn’t fully turned to a long bias yet. The moving averages are aligned bullishly—while they can’t hold it down strongly, they also can’t support it to push upward. At 0.3477, cut the position by half; the rest depends on whether it can be driven down to 0.3243.
If you find this useful, share it with friends who are still losing money.
#CYS #LDO #Bitcoin
$CYS $LDO $DOT