$BTC
It's the beginning of the week and the market is moving strongly. Many currencies are rising quickly, and if you haven't already entered a trade, you may feel like you've missed the train. These feelings are called FOMO (fear of missing out) - causing many traders to jump into trades too late.
But here's the truth: the market doesn't rise in a straight line. After a big upward move, there is always a correction or drop. This drop is where smart traders enter because it provides a better entry and more profits later on. Instead of chasing green candles at the top, wait for the price to cool down and approach your support areas or entry levels.
This is only Monday - the first day of the week. There's still plenty of time. Use short timeframes (like the 1-hour or 4-hour chart) to identify your areas of interest. These are the areas where you want to buy if the price comes back down.
Be patient. A good entry always beats a rushed one. Let the market come to you. That's how you achieve higher returns and stay in control.
