As soon as it rebounds, I panic, always afraid that the price will take off on the spot, afraid of being trapped in a short position?


As soon as it rebounds, I want to chase the rally, feeling that the bulls are back... Are you like this too?
Being trapped in a short position? Impossible. It depends on where you shorted. Shorting BTC at 60500, shorting ETH at 1610, how much can you be trapped?
Before you know it, isn't BTC starting to eat meat again?
The highest rebound was to 60520 and then it came down. Shorting at 60500, isn't that almost the highest point?
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MelancholyCoin
· 11h ago
If you panic as soon as the price rebounds, always afraid that it’ll take off from where it is, afraid of getting trapped in a short—so the moment it rebounds, you want to chase the rally, thinking that the bulls are back… do you feel the same way?

A short position getting trapped? It’s not impossible—you need to look at what entry price it is. For example, if you short “BTC” at 60500 and “ETH” at 1610, how could you possibly get trapped? Isn’t a short at 60500 already something that’s started to “eat meat” again?

Does a short placed at 60500—at the highest point—count as the top?
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