#BTC short structure destroyed
2024-10-14

📊#BTC short structure destroyed✔️

🧠From a structural point of view, we broke through the short defense point, which means that the short structure at the 4-hour level was destroyed, that is to say, there is no short structure at present, no matter how it rises, it is reasonable, so please be cautious about shorting unless a new short structure is built.

➡️The reason why we shorted is that we missed this upward trend and wanted to wait for a pullback to enter a new long trade, but the market development was not as expected.

➡️At the same time, this also shows that there is not much profit in counter-trend trading, and we still need to be vigilant at all times. Our short orders are all set after locking in the main profits, and then setting the break-even or moving down the SL. Strict risk management can allow us to go further.

Let's see👀

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