Short selling in bull run can be dangerous, but still when I see a resistance zone I can't stop myself from short selling! what yours opinion in this case? Should I continue short selling in this bull run, or should prevent myself from doing this?
It's funny how:
=> in a bear market, we want to long every dump and end up catching knives when the price drops -90% and another - 95% from the initial -90% drop.
=> In a bull market, we want to short sell every pump.
It's not your fault but in a full fledged market especially when it gets to easy mode, you want to be longing every dip you can. I'm a permabull so my primary instinct is to long and a bull market affords me that opportunity to do so. If you have perfect timing, you can actually short into classic dips like when bitcoin went from ATH to $48K 2.5 months ago.
but yeah, when the market is in bullrun and the sentiment is good, the only way to actually make money from the market is to long.no point getting liquidated because the market randomly pump because trust me the market always have some random huge pump out of the blue in bullish market like this, an example of such chart is SUI and BTC too.
shorting in bullrun just doesn't work. unless someone want to burn their money then go ahead.