Don’t get fooled by a brief rebound and chase the move up
$TUT This short position was taken right away and fully profited from this pullback. The price has been moving steadily down from the high, and the trend has been running exactly according to the judgment. Many people see a short-lived rebound on the chart and think it’s about to restart and surge higher, so they rush in to take over the position. In the end, what they get is continued selling and further downside. The market is never only about rising to make money—understand the trend turning point, and you can also capture opportunity during a decline.
There are opportunities in both up and down moves. The key is to truly read where the market is heading. If you’re interested, you can come to my chat room to exchange ideas: @夏夏在带单 #贝莱德加拿大推出比特币关联ETF
$TUT This short position was taken right away and fully profited from this pullback. The price has been moving steadily down from the high, and the trend has been running exactly according to the judgment. Many people see a short-lived rebound on the chart and think it’s about to restart and surge higher, so they rush in to take over the position. In the end, what they get is continued selling and further downside. The market is never only about rising to make money—understand the trend turning point, and you can also capture opportunity during a decline.
There are opportunities in both up and down moves. The key is to truly read where the market is heading. If you’re interested, you can come to my chat room to exchange ideas: @夏夏在带单 #贝莱德加拿大推出比特币关联ETF