The LIGHT market seems to have a good target at 3.5. The 416 position can be considered for bold shorting, but traders advise not to set too tight of a stop loss—newbies are easily swept out, so it's safer to manually close the position at new highs. This way, you can lock in profits without worrying about the risk of getting liquidated.
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UnluckyMiner
· 6h ago
I'm a bit hesitant at the 416 position, that's how I got swept out last time, my mindset collapsed.
Manually closing the position sounds reliable, but can it really be done? It's easier said than done.
Can it really reach 3.5? It feels a bit uncertain.
Regarding stop loss, newbies can indeed be trapped easily, I learned this lesson the hard way.
Not setting a stop loss is even more dangerous, it's like gambling with your life.
Is anyone still chasing LIGHT? I've already given up.
The LIGHT market seems to have a good target at 3.5. The 416 position can be considered for bold shorting, but traders advise not to set too tight of a stop loss—newbies are easily swept out, so it's safer to manually close the position at new highs. This way, you can lock in profits without worrying about the risk of getting liquidated.