Windows and traps often look exactly alike. At this current position—$TAC —I feel it’s more like the latter. Look at the chart: on the four-hour timeframe it’s riding along the lower band; each rebound is weaker than the last, and the volume is also declining. This kind of trend is very difficult to reverse directly. The daily timeframe pressure is holding it down tightly. Even if there’s a short-term pullback, it only provides a better entry opportunity for short positions.
I don’t think this is any kind of bottom signal. It looks more like a brief pause during the downswing. When we trade, don’t always try to catch the bottom. Until the trend turns, plan your trades in the direction of the bears—your win rate will be higher. Going short from this level has a good stop-loss placement, and the risk-reward ratio is also reasonable. It’s worth paying attention to.
🔴 Trading direction: Short
📍 Entry range: 0.0023753 – 0.0024043
🛑 Stop loss: 0.0027683
🎯 Take profit 1: 0.0021059
🎯 Take profit 2: 0.0019166
🎯 Take profit 3: 0.0016328
In still waters lies profound insight, with foresight hidden deep. As the market rises and falls, it remains calm and composed.
Join up with Fei Jie and read the pulse of the surging wealth.
#TAC
Click below to trade 👇
I don’t think this is any kind of bottom signal. It looks more like a brief pause during the downswing. When we trade, don’t always try to catch the bottom. Until the trend turns, plan your trades in the direction of the bears—your win rate will be higher. Going short from this level has a good stop-loss placement, and the risk-reward ratio is also reasonable. It’s worth paying attention to.
🔴 Trading direction: Short
📍 Entry range: 0.0023753 – 0.0024043
🛑 Stop loss: 0.0027683
🎯 Take profit 1: 0.0021059
🎯 Take profit 2: 0.0019166
🎯 Take profit 3: 0.0016328
In still waters lies profound insight, with foresight hidden deep. As the market rises and falls, it remains calm and composed.
Join up with Fei Jie and read the pulse of the surging wealth.
#TAC
Click below to trade 👇