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Shorting at the low before #MOODENG is not a good position.
The opportunity has come now, after pulling up the market, it should be the time to shorting, but unfortunately my long position is stuck.
Market Sentiment: Currently, the overall atmosphere of the market is leaning bearish.
Ether and SOL are already in an oversold state, meaning there are too many sellers, and prices have been excessively driven down. BTC is relatively resilient and hasn't fallen as hard.
Key Risk: If the market continues to fall, it could potentially drag all crypto assets below the support level, which is the key price point that stabilizes prices; at that time, prices may fall further.
Position Management: For short-term trading, it is recommended to keep the position at a low level (not exceeding 5%). Be sure to set a stop loss to prevent losses from expanding. For medium term, it is advisable to wait for clearer bottom signals, such as a significant increase in trading volume accompanied by a rise in price resulting in a bullish line, or technical indicators forming a golden cross pattern before considering action.
If there are any uncertainties, feel free to communicate with us!