I’m currently down -5,478.65 USDT on my $ETH short position. The market keeps rising while I wait for the pullback I anticipated, and every tick is deepening my losses.
My plan now is simple: tighten my stop to limit further losses, then watch the next resistance level. If that level is eventually breached, I’ll close the position and accept the loss rather than let it drag on.
Should I wait for a clear reversal signal, or cut my losses now?
My plan now is simple: tighten my stop to limit further losses, then watch the next resistance level. If that level is eventually breached, I’ll close the position and accept the loss rather than let it drag on.
Should I wait for a clear reversal signal, or cut my losses now?