New Short: Low Volume + Resistance = Dump

New Short: Low Volume + Resistance = Dump
Leverage: x2
Entry: $3600
Target: $3000
Stop Loss: $41000

Trade active:

The volume is still low, and we think the price will not stay above the resistance.
We hold our active trade (x2) and open a new one.
Leverage: x4
Entry: $37400
Target: $30000
Stop Loss: $41000

Comment:

We opened them, but the market did not fill the limit orders of our Stop Loss.
So, both positions are still open.

Comment:

We still hold the short positions.
The timing (daily close above 41000 + 6 hours above it) did not satisfy the Stop Loss condition.

Comment:

We expect the price to go lower than this ($38000).
So, we hold our positions.
FYI, you can move your Stop Loss to entry for a safe ride.
We moved it a bit higher than that because we feel very Bearish.

Comment:

For continuation, see "RELATED IDEAS": "Bears are stronger than you think. And this is overbought."

Trade closed: target reached:

Congratulations on the 🌟 profit!

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