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Currently, this position is a convergence of several key levels
1. Daily R3
2. Annual POC
It can be said to be the most critical level at the moment. If it substantially breaks below, it will be dangerous.
How will the key levels move? Relying on guesswork is definitely not acceptable.
We can observe multiple data points for verification:
1. Order book delta
2. Market buy/sell strength
3. Capital flow
We have already obtained some data, and will release the complete information later.
Current advice:
Do not go short here. You can take profit on your existing short positions.
What do you all think?