Short positions already have take-profit levels set; currently maintaining an observational stance. Not considering new long/short operations for now, focusing on waiting for market confirmation signals.
Specifically, pay attention to whether the next hour produces three or more red candles. If such a pattern does emerge, especially when encountering pin bars and pullbacks, short positions can consider taking profits at this point.
From a bullish perspective, the rebound opportunity lies within these signals. The key support level is around 136—if the moving average line still holds above it, this position is an excellent spot for buying the dip. Traders currently holding short positions are advised to lock in current profits and avoid greed.
Only when the market confirms a bottom rebound signal again should you re-enter long positions. This rhythm both protects gains and won't miss rebound opportunities. Pin bars are often the final shakeout; identifying this allows you to capitalize and avoid pitfalls.
Alright, once we take profits, we need to hold them steady. Greed in this business is easy to flip.
136 is this key level that really needs to be defended. If a wick comes in, it's the final wash-out play.
Watch those three red candles carefully, don't get shaky hands and exit early.
Wait for signal confirmation, and when the bounce comes, we'll keep going with it.
Three red candles sound easy to talk about, but actually breaking out of here might take forever.
I've heard this "pin wicking and wash-out" explanation a thousand times. Every time people say once you spot it you can avoid losses, but the result is still getting pierced repeatedly.
Can 136 hold the line? Feels uncertain.
Not being greedy? Sounds nice, but when a rebound comes you'll regret it anyway.
Better wait for a confirmed signal. I've got time to spare anyway.
Short positions already have take-profit levels set; currently maintaining an observational stance. Not considering new long/short operations for now, focusing on waiting for market confirmation signals.
Specifically, pay attention to whether the next hour produces three or more red candles. If such a pattern does emerge, especially when encountering pin bars and pullbacks, short positions can consider taking profits at this point.
From a bullish perspective, the rebound opportunity lies within these signals. The key support level is around 136—if the moving average line still holds above it, this position is an excellent spot for buying the dip. Traders currently holding short positions are advised to lock in current profits and avoid greed.
Only when the market confirms a bottom rebound signal again should you re-enter long positions. This rhythm both protects gains and won't miss rebound opportunities. Pin bars are often the final shakeout; identifying this allows you to capitalize and avoid pitfalls.