đ”ïžââïž Unlock the Secrets of Short Position Trading! đĄđ
Ready to dive into short trading? Here are expert tips to navigate the crypto seas:
1ïžâŁ Monitor the 24hr change on the 1 Day TF â Look for a substantial increase (70% or more).
2ïžâŁ Wait for a red candle with rejection signals (doji's) â A clear sign of potential reversal.
3ïžâŁ Confirm overbought conditions with RSI (80 above) â Perfect for short entries.
4ïžâŁ Check MACD for trend change â Watch for the MACD line crossing the signal line.
5ïžâŁ Stretch the Bollinger Bands (upper) â Ideal for entering a short position.
Pro Tips:
đ Combine strategies 1, 2, 3, and 5 for a robust approach.
đ Use only 10% of your wallet and leverage wisely (e.g., 10x) to minimize risks.
đ Secure profits at 30-50% and gracefully exit the market.
đ Seeking guidance?
Drop your questions and opinions in the comments!
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