Two nights ago, I reminded a family member about the possibility of selling Bitcoin at $90,100, advising them to consider taking profits as the market was showing signs of weakness. This morning, they were frustrated, realizing they had missed a significant opportunity as Bitcoin dropped back to $82,000.
Curious, I asked what price they set their sell order at, and they confidently said $90,100. I was taken aback. That number was just an approximate suggestion, not the exact figure to execute at. In volatile markets, using round numbers rarely works perfectly. Precision matters just as much for exits as it does for entries.
Now, the question is whether there’s still room for further downside, possibly toward $78,500. Predicting market movements is never easy, but given the current bearish trend, another drop between the 18th and 26th isn’t out of the question. However, waiting for an even bigger crash can sometimes mean missing the chance to lock in profits altogether.
The takeaway here? No one can always sell at the absolute top. Chasing the perfect exit is just as risky as chasing the perfect entry. When prices are near major resistance and market sentiment is shifting, taking profits just below the expected peak can still be a great move.
At the end of the day, trading requires flexibility. Instead of aiming for exact round numbers where most traders place their orders, it’s often smarter to set yours slightly above or below key levels. That small adjustment could be the difference between locking in huge profits and missing out. A successful trade means securing gains, not chasing perfection.