DarkWave ETH 15m short coming to an end.
This strategy has been short since the high 1600s/low 1700s and, at this point, is holding less than 25% of its initial position.
Despite a high profitability rate (70%+) and profit factor, (1.65+), low drawdown (<15%) and high runup (47%+) on this timeframe, this strategy rarely sees such a quick succession of protective cover orders. Such a situation tends to be an indication that we need to cover our short positions sooner rather than later.
We're taking a complimentary cover on our short position and holding the rest of our short position (<15% of the initial entry) as the strategy plays out.
This information does NOT constitute investment advice! It purely represents the OPINIONS and statements of the authors (TradersCustom).
Despite a high profitability rate (70%+) and profit factor, (1.65+), low drawdown (<15%) and high runup (47%+) on this timeframe, this strategy rarely sees such a quick succession of protective cover orders. Such a situation tends to be an indication that we need to cover our short positions sooner rather than later.
We're taking a complimentary cover on our short position and holding the rest of our short position (<15% of the initial entry) as the strategy plays out.
This information does NOT constitute investment advice! It purely represents the OPINIONS and statements of the authors (TradersCustom).