1. "Why havenโt we closed the ETH position yet, even though it hit the stop level?"
Because I believe that move was a manipulated bear trap ๐ปโ๏ธ right after the 9:30 open.
Hereโs why:
๐ข Price was showing clean accumulation pre-9:30.
๐ค Then boom โ sudden drop at open, swept liquidity near the 4H FVG, and recovered fast.
๐ง Despite all this, ETH closed above Wave 2โs body, keeping the Elliott Wave count valid.
On the 1H and 4H charts, Wave 4 still holding in the expected zone โ
To me, this was round 2 of manipulation โ meant to shake out weak hands ๐ตโ๐ซ
(Just zoom into the chart below โ youโll see it clearly ๐๐)
Also, look at BTC & TOTAL โ both re-entered Mondayโs Range after deviating below the Monday Low โ ๐ one of my favorite confirmation signals.
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2. "Why didnโt we close BTC?"
Same logic applies here too:
๐ BTC loves a good Monday deviation and then jumps back into range.
Now, itโs trying to reclaim a major 4H S/R level ๐
And the 1H chart is showing slow but steady progress ๐ขโก๏ธ๐
3. "Why are we taking a bigger loss than planned?"
It happens.
You could have perfect risk management and still face setups like this.
Iโve slightly extended my stop and increased risk to 2R ๐
Why?
Because I trust my system and know it can handle it ๐ช
If you've been following my previous risk tips, you're in a good place too ๐๐ผ
Donโt fear a calculated risk โ fear bad habits ๐ฌ
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4. "Youโre about to hit stop but still holdingโฆ Why being emotional?"
This ainโt emotion โ itโs pure risk management ๐งฎ๐ง
As I said above:
Even if I get stopped, itโs a 2Rโ4R loss. My system is designed to take that hit and bounce back ๐
Your goal? Be in a position where these losses donโt shake your entire system ๐ค
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โ Iโll ONLY close positions when I post an official update here.
Until then โ stay sharp, manage risk, and check those charts ๐๐
C #BinanceHODLerTree #CryptoTrading #RiskManagement #BearTrap ๐ง ๐๐๐