Resistance breakout tells you that a new round of upward trend is underway.
Resistance isn’t only for shorting.
Before the breakout, if you short because you subjectively believe the price will fall—then you’re not necessarily wrong.
The mistake is when the trend plays out and you don’t set a stop-loss; you hold the position. That’s absolutely wrong.
📌Even if I ask everyone to use conditional orders to enter on the breakout, my stop-loss is still 850!
It’s just that the market matches my expectations—☀️the sun shines on me, not on you~
Resistance isn’t only for shorting.
Before the breakout, if you short because you subjectively believe the price will fall—then you’re not necessarily wrong.
The mistake is when the trend plays out and you don’t set a stop-loss; you hold the position. That’s absolutely wrong.
📌Even if I ask everyone to use conditional orders to enter on the breakout, my stop-loss is still 850!
It’s just that the market matches my expectations—☀️the sun shines on me, not on you~
