Post
Topic
Board Trading Discussion
Re: Short Trade!
by
Odohu
on 26/10/2024, 10:05:34 UTC
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?
If you do this, it simply means you don't have a well detailed plan and targets. The biggest problem people face in Bitcoin is knowing when to buy and when to sell that there will be no regrets. Merely using support and resistance as a guide for this can be problematic in the sense that support and resistance can be broken without notice thereby leading to wrong decisions and possible loss. To mitigate this, it is recommended to set targets of when to buy and when to sell so that when price gets to those points, actions can be taken without thinking much.