When the long/short ratio is high, does that mean longs have the upper hand?
The overall account long/short ratio is the number of accounts with a net long position divided by the number of accounts with a net short position. Each account counts as one, regardless of position size.
The account long/short ratio counts traders, so it better reflects the sentiment of retail traders. The large-trader position long/short ratio looks at position size and shows which side big money is betting on.
Related coin: $BTC reported at 73613.38, 24h -0.37%.
After a loss, don't immediately double your position to try to win it back. That often leads to even bigger losses.