In a strong upward trend, the key to entering a short position during a pullback is timing. The safest approach is to wait until the hourly MACD shows a death cross before considering opening a position — the first batch of positions can be lightly entered when the 15-minute chart shows a death cross, but only one layer of position should be allocated. The real signal to add more positions is only after the hourly death cross is fully confirmed, with stop-losses set simultaneously to manage risk. Never rush to add to your position before the hourly chart shows a death cross, as this can easily lead to being trapped.
For beginner traders, it's important to adjust your mindset. In such a strong trend, we don't proactively short; instead, patiently wait for the price to pull back before looking for opportunities to buy. From the current technical perspective, the hourly chart has already moved away from the critical support line, and a pullback could very likely generate a bullish signal for a rally. At this point, remember not to chase high; waiting for a full pullback to a low point is the best entry position.
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MEVEye
· 5h ago
Wait for the death cross before taking action; that's the iron law. How many people just can't wait those few minutes and end up getting slapped in the face?
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BearMarketNoodler
· 5h ago
Basically, don't get itchy. Waiting for a signal doesn't mean there's no opportunity. Those who are trapped are the ones who can't wait.
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ShamedApeSeller
· 6h ago
It's still a bit complicated, so here's one sentence: Don't buy the dip, wait for the death cross, and the greedy will all be trapped.
In a strong upward trend, the key to entering a short position during a pullback is timing. The safest approach is to wait until the hourly MACD shows a death cross before considering opening a position — the first batch of positions can be lightly entered when the 15-minute chart shows a death cross, but only one layer of position should be allocated. The real signal to add more positions is only after the hourly death cross is fully confirmed, with stop-losses set simultaneously to manage risk. Never rush to add to your position before the hourly chart shows a death cross, as this can easily lead to being trapped.
For beginner traders, it's important to adjust your mindset. In such a strong trend, we don't proactively short; instead, patiently wait for the price to pull back before looking for opportunities to buy. From the current technical perspective, the hourly chart has already moved away from the critical support line, and a pullback could very likely generate a bullish signal for a rally. At this point, remember not to chase high; waiting for a full pullback to a low point is the best entry position.