Let’s talk about why I’m taking profits on long positions relatively quickly right now, while giving short positions more room.
In this choppy market, many of you have noticed my approach: short around 83,000 and go long around 80,000. But my profit target for shorts is higher—10%—while for longs I’m generally aiming for around 5%. Why?
Because based on the current medium-term trend, I think $BTC will fall again, to around 76,000. So since I’m bearish, I have to be more cautious when going long against the trend.
My targets for longs and shorts are also very clear. For longs, I’m trading $UNI ; once the subsequent adjustment is complete, I’ll hold a large position. For shorts, I’ve chosen $ARB . As an L2 project, I’m not optimistic about it. I think this rally is a dead-cat bounce.
In this choppy market, many of you have noticed my approach: short around 83,000 and go long around 80,000. But my profit target for shorts is higher—10%—while for longs I’m generally aiming for around 5%. Why?
Because based on the current medium-term trend, I think $BTC will fall again, to around 76,000. So since I’m bearish, I have to be more cautious when going long against the trend.
My targets for longs and shorts are also very clear. For longs, I’m trading $UNI ; once the subsequent adjustment is complete, I’ll hold a large position. For shorts, I’ve chosen $ARB . As an L2 project, I’m not optimistic about it. I think this rally is a dead-cat bounce.