๐ $BTC Update: Short Trade Management
$BTC tapped our short POI and delivered the expected pullback. โ
If you're already in the short, consider taking partial profits and moving your stop loss to break-even (BE) to protect your position.
I'm still bearish overall, and the reaction from the POI we've been watching is encouraging. However, that doesn't necessarily rule out a move toward the $68.1K high before a larger reversal.
Current game plan: ๐น Hold the remaining short with proper risk management. ๐น Watch for a sweep of the $65K lows. ๐น If that liquidity sweep happens, a temporary hedge long could provide a good opportunity before the next move.
Stay patient, manage your risk, and let the market confirm the next direction. ๐
$BTC tapped our short POI and delivered the expected pullback. โ
If you're already in the short, consider taking partial profits and moving your stop loss to break-even (BE) to protect your position.
I'm still bearish overall, and the reaction from the POI we've been watching is encouraging. However, that doesn't necessarily rule out a move toward the $68.1K high before a larger reversal.
Current game plan: ๐น Hold the remaining short with proper risk management. ๐น Watch for a sweep of the $65K lows. ๐น If that liquidity sweep happens, a temporary hedge long could provide a good opportunity before the next move.
Stay patient, manage your risk, and let the market confirm the next direction. ๐