If the price goes against us (ie. our short got executed and the price goes north), we must wait until the main SR becomes support. Don't just place stops on buy (green dotted level) above main SR.
Off course there are exceptions. And one of them is brewing right now.
HODL Stick is pointing up, we have small and a big walls (on Stamp, 3K) near the neckline.
When the walls disappear, either eaten or pulled, we can expect the price will shoot up and there will be no time, for waiting that main SR becomes a support.
HODL SR and HODL Stick work on every asset out there. If you need examples, don't hesitate to contact me.
You can find HODL SR in Marketplace Addons and HODL Stick as free indicator in Public Library.
More info on HODL SR, Simple Strategy and HODL Stick (docs, examples, screencasts) on support website hodl.org.
All feedback welcome.
You can find it on support website: http://hodl.org/#hodl_stick_screencasts