Algorithm Selection: Short Candidates with Too-Strong Rebounds

🔥$IRYS (Main Focus)
Now 0.020280, up 21.1% in 24 hours
The lowest 30 days ago was only 0.013030—rebounded 55.6% from there
I think after a mid-course celebration, the risks begin to accumulate
Trading volume is up 197.8%—it’s the moment of the multi-vs-short battle
If I were to trade, I’d short with an order at 0.024336, take-profit? stop-loss—set the stop-loss at 0.026770
If the rebound meets resistance, you may consider shorting; set the stop-loss above the recent high

$EPIC
Now 0.510300, up 0.0% in 24 hours
The lowest 30 days ago was only 0.324200—rebounded 57.4% from there
I think after a big rebound, downside pullback pressure is large
Trading volume there is dropping by 57.5%, and the bears are building up momentum
If I were to trade, I’d short with an order at 0.612360, take-profit? stop-loss—set the stop-loss at 0.673596
The rebound height is limited, and the short trade’s risk-reward is quite good

$PTB
Now 0.000947, up 0.0% in 24 hours
The lowest 30 days ago was only 0.000566—rebounded 67.2% from there
I think with a rebound of this height, the short trade’s risk-reward is very tempting
Trading volume is contracting by 64.5%, and the rebound is hard to sustain
If I were to trade, I’d short with an order at 0.001136, take-profit? stop-loss—set the stop-loss at 0.001250
Bearish plan: short the rebound; add on if it breaks down

The above is for personal observation only and does not constitute investment advice. Please make your own decisions.
#短线交易 #Futures Contract Trading