I'm chasing Dead Catr Bounce in #BLURUSDT.P, where we just made a profit with short position. Although the phrase "falling knife is not kept" is a well-known phrase in these markets, this "DEad Cat Bounce" movement does not surprise me in such volatile coins with high volume.
It is worth trying with a short stop loss. At the same time, the fact that the price is holding in the Support Band is reassuring for now. While my short target is 0.2050 level, I plan to move 30% of my position up to 0.2280 levels if there is no stop.
Good Luck...
Not Investment Advice...