Quote from: Peanutswar on Today at 02:40:38 PM

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 consider a rule that don't make a trade against the market because tons of traders right there doing the same thing to get ride with the current trend now if you do the against of the flow possible you will get liquidated. Currently we are going in an up trend after the price gets soar high into 70k and now we are trying to make a test with the price if the bitcoin will can still sustain the market or not, of course shor traders will grab the opportunity if the bitcoin cant break the resistance and possible bounce back on the support, or sideways well anything can happen with the market.

There should be considerable doubt as to whether it can hold the market. Both the propensity to liquidate and the propensity to care for holdings among investors are at considerable valuation levels. It is not really fair to assume that market conditions can change significantly and that the downside is likely. Similarly, the impact of the US election is positive on an upward trend. I see market price conditions as an opportunity to gain experience through trading.