For a true rise, I would use the term "Rebound" instead of "pullback". A pullback is like running in water, where the resistance from the water is great, and no matter how fast you run, it can't compare to the speed of crawling on the ground. Therefore, a pullback must primarily focus on shorting.



If you are following a trend, when the weekly chart shows a death cross and the daily chart shows a rebound, take the short position. Set the forced liquidation a bit further away, do not set a stop loss at all, and do not set the take profit too close. You can take profit on a portion and hold onto the rest. Occasionally, you need to endure a brief floating loss in order to ultimately reap the profits from a significant spike.

The high short position you took last night is still recommended to hold half of the position. It must rebound above the cost price before adding to the position.

The 4-hour MACD cannot climb above the zero line, indicating that the possibility of a reversal is very small in the near future. Meanwhile, a significant drop is still brewing.
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GoodWillHuntingvip
· 19h ago
Hold on tight, we're about to da moon 🛫
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