$PARTI 24-hour drop of 13.3%: a weak rebound—what you want to avoid most is chasing halfway through
The rebound hasn’t changed the picture; the bias is still bearish. The price has edged up from the recent low, but it’s still some distance from the moving-average resistance above. This recovery isn’t enough to reverse the weakness. There’s no need to rush into a short now: with the price hugging the lows, even a modest rebound could catch you out.
Let it test higher. Next, watch whether it can hold near resistance. If it pushes up there and then retreats, that’s the opportunity to trade in line with the bearish trend.
Intraday checklist:
Trigger｜0.0285
Invalidation｜0.0291536
First target｜0.0271929
If the conditions don’t appear, there’s no trade.
#TradingStrategy
The rebound hasn’t changed the picture; the bias is still bearish. The price has edged up from the recent low, but it’s still some distance from the moving-average resistance above. This recovery isn’t enough to reverse the weakness. There’s no need to rush into a short now: with the price hugging the lows, even a modest rebound could catch you out.
Let it test higher. Next, watch whether it can hold near resistance. If it pushes up there and then retreats, that’s the opportunity to trade in line with the bearish trend.
Intraday checklist:
Trigger｜0.0285
Invalidation｜0.0291536
First target｜0.0271929
If the conditions don’t appear, there’s no trade.
#TradingStrategy