The market specializes in various 'I think' scenarios. Bitcoin has skyrocketed, and how many brothers in the community have slapped their thighs in frustration! 😭 I also fell for it yesterday; I thought 109,000 was the limit, but it suddenly jumped to 110,000, and my short position hit a stop loss, leaving me feeling uneasy!

I really didn't expect the liquidity above to be so strong! I initially thought a wave of selling would be enough, but it stubbornly held above 110,000 without turning back. Watching my account in the green, that feeling...

Check the depth of your position:

Small loss: Don't hold on stubbornly! Wait for a little rebound and quickly reduce your position, take some profits, and catch your breath.

Deep loss: Don't go all in to average down! Gradually and in small amounts, add to your position to lower your average cost; only then will you have hope of breaking even.

Check where you bought initially:

Bought at a high (standing on the peak): If it breaks key support levels, don’t hesitate; cut your losses! Better to keep some capital.

Bought at a low (cost is acceptable): Wait for the market to stabilize and stop falling before considering adding a little to average down and wait for the wind to come.

Check where Bitcoin is heading now:

📈 Still rising? Then hold on and don’t make any rash moves; you might break even or even make a profit soon!

🔄 Moving back and forth (oscillating)? Experienced traders might try 'sell a little on the rise, buy a little on the dip' to grasp the price differences and lower costs. (Caution for beginners!)

📉 Turning down? It feels ominous; a brave warrior must retreat! Don’t dig yourself a deeper hole.

Being in a loss isn’t scary; what’s scary is making random moves! What’s the situation with your trades now? Bull market positioning for hundred-fold coins + daily spot strategies! Follow me for free insights into the crypto world! $ETH #ETH