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Looking at the FHE market this wave, the bullish sentiment has already reached an extreme. Continuous rallying without any significant selling is itself quite suspicious. What's more heartbreaking is that the price has already broken the previous high, so where else can it go?
Honestly, without a floodgate-style decline, this wave of gains won't be profitable at all. Are they really treating the bears as fuel for the rally? That needs to be carefully considered. If the fire burns a bit hotter, can our stop-loss be executed smoothly?
The current plan is this: place a short order around 0.171, set take profit at 0.128, and set stop-loss at 0.192. Can this order pass safely? What do you traders think—does this risk-reward ratio make sense?