Quote from: tvplus006 on Today at 10:15:40 AM

Quote from: Sabuj_pal on October 17, 2024, 03:13:03 AM

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?

I think your strategy is correct, as there are almost always pullbacks from the resistance zone. In addition, if you open an order from the resistance zone, then the risk for such a transaction will be minimal, since the stop loss level is slightly above this level.

I am a trader who does not use Short Selling even though I know that when resistance will occur a pullback is more likely to, but every strategy will be different from someone, so if we have that strategy I hope he can improve it to manage his position well in placing the right SL and TP to achieve profit and minimal losses that are tolerated, I think OP should continue his trading method and just perfect it in every market condition, sometimes resistance on altcoin charts is useless when BTC has high fluctuations.