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$VANRY This kind of price action is the most likely to create a sense of illusion.
At first, it suddenly surges, drawing a lot of attention, and then it starts to trade sideways in a period of consolidation. Many people will think it’s building up energy and waiting for another round of rise, but when you’re actually trading, you need to see whether the price has the ability to continue breaking out.
This time, going short is mainly because during the rebound, the volume is insufficient, and the price keeps failing to regain and hold key levels.
Not every rise is an opportunity; sometimes the rally is just to give funds room to exit.
This position is already in profit. Next, keep monitoring the rebound strength: if it strongly breaks through, adjust your thinking; if it weakly continues, keep holding.
When trading, never fight the market. $EVAA $ETH #GateUS合规扩展佛罗里达