In energy, hedge funds reduced some of their crowded long position in crude oil and «modestly» covered their short position in natural gas. (marketfolly.com)
You may be forced to cover your short position before you want to and when it is to your disadvantage! (money.stackexchange.com)
But be warned: ranges get broken, so you would be wise to consider placing a sell stop limit (to cover your long position on an unexpected fall through your buying price) and a buy stop limit (to cover your short position on an unexpected rise through your selling price) to protect yourself from losses caused by wild price movements. (wisestockbuyer.com)