đ„đ„ BREAKING : Challenging Times for Bearish Traders, but Stay Focused đ„đ„
Bearish traders may be feeling the pressure, but itâs important to remember that when prices rise, market participants become highly sensitive to any negative signals. This means any downturn is likely to be swift and sharp.
If your liquidation price is above $71K, and you entered the market above $64K without risking more than 50% of your portfolio, youâre still in a safe zone. Hold steady and waitâitâs likely weâll see prices between $60K and $64K within this week.
For those positioning for a bearish trend, the entry point lies between $66K and $68K. Your targets should be set as follows:
Take Profit (TP): $62,571
Stop Loss (SL): $71,111
Keep in mind, this is not a short-term tradeâit spans 3 to 10 days. Use no more than 5x margin and limit your position to 33% of your total portfolio. Plan your risk management accordingly and be patient.
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