$BEAT The second wave of entering the short position, take profit at 1.6, stop loss at 2.93
The core reason for going short is very clear: after a continuous rise, the high position shows increased volume but does not create a new high, which obviously indicates an emotional peak, and the bulls are starting to lose strength; at the same time, the short-term structure is weakening, and there are signs of capital withdrawal. Continuing to chase long positions carries a high risk, so I choose to go short with the trend.
As for 1.6 as the take profit level, this is a key support zone from before, and also a position where the main force is likely to replenish. The market has reached this point, and it is highly probable that there will be a rebound or volatility, so securing profits is more important than daydreaming.
If you are still anxious about what coins to trade in the current market, and if you are emo about missing out or being stuck, stop overthinking it! Chat room speed
