It was a bit unexpected to see such a rise in one night!
Bitcoin really is astonishing! Many other coins have also surged.
If you opened a long position, you might be wondering whether it's time to take profits?
Are you holding a long-term position or a short-term position?
In our trading, do we have to plan every entry, profit-taking, and stop-loss like those amazing traders and execute strictly?
Trading cryptocurrencies is risky, with high volatility, and losses can happen easily. Do you treat every trade with a sense of caution?
Have you thought about your goals and risk tolerance before placing a trade, created a clear trading plan, identified where to take profits and stop losses, and maintained discipline during execution?
Whether you choose to go short or buy the dip, it should be based on analysis and your own strategy, not emotional trading.
I remember a prominent figure once said: “Plan your trade, trade your plan.”
