$JELLYJELLY has been waiting for a long time, this wave of explosive rise is shorting at a strong resistance level because the price has risen to this point and is already "tired"
Rushing to the previous high point, every step up has a large amount of trapped positions waiting to sell
At this time, continuing to go long is very laborious
Shorting is in the direction of resistance, waiting for it to naturally pull back is much easier
From the data, although it has risen, the open interest has not followed, indicating that mainly shorts are closing positions, not new longs entering
Large players are not heavily following long, lacking momentum
In this position, betting on a breakthrough is not as good as waiting for a pullback
If the price can really break through strongly, it’s not too late to consider a reversal
Next, continue to layout, want to follow the Lai!!!
