$龙虾 Opening a short position now means trading in line with the market’s current downtrend.
However, since the asset has already fallen by nearly 37%, opening a short at the current price (0.04096) carries the risk of chasing the move.
According to technical analysis, a more optimal entry for a short position is usually to wait for a slight price recovery (pullback) to the dynamic resistance lines (such as the MA7 around 0.049), followed by a rejection.
Short now 👇👇👇
However, since the asset has already fallen by nearly 37%, opening a short at the current price (0.04096) carries the risk of chasing the move.
According to technical analysis, a more optimal entry for a short position is usually to wait for a slight price recovery (pullback) to the dynamic resistance lines (such as the MA7 around 0.049), followed by a rejection.
Short now 👇👇👇