I would say it's safer to wait for another dead bounce first to short.
Short Term Oversold Bounces are good for making quick money but you always run the risk of not taking profits quick enough and getting into a deeper drop.
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Replying to @MasterBJones
Thank your for the system! My trades are more consistent now!
I took profit this morning n I am expecting the price to move back closer to the sma 10 like it did yesterday. Would it be better to play the bounce to sma 10 or reissue my short position when it reaches the sma 10?
