š Donāt buy the current rally if you donāt know this
While most people celebrate that $BTC has broken the historic 85,000 USD barrier, wiping out 648 million in short positions, novice traders are making the mistake of chasing price purely out of FOMO. They see huge green candles and enter the market without an exit strategy.
My risk analysis is clear: volatility is at its highest. Coins like $NEAR are accumulating an incredible rally of almost 70% in a week, which puts its RSI in an obvious overbought zone.
Going in strong with $BTC or into hyper-extended altcoins at this exact moment, instead of waiting for a healthy pullback to support zones, is a liquidity trap for the impatient. Iād rather see how the institutional market reacts at these new highs before risking my account balance.
Are you going to buy $BTC at the top just out of emotion, or will you patiently wait for a correction to trade with an edge? Iām reading your comments.š
Follow me to see more market analysis based on real data and risk management.
While most people celebrate that $BTC has broken the historic 85,000 USD barrier, wiping out 648 million in short positions, novice traders are making the mistake of chasing price purely out of FOMO. They see huge green candles and enter the market without an exit strategy.
My risk analysis is clear: volatility is at its highest. Coins like $NEAR are accumulating an incredible rally of almost 70% in a week, which puts its RSI in an obvious overbought zone.
Going in strong with $BTC or into hyper-extended altcoins at this exact moment, instead of waiting for a healthy pullback to support zones, is a liquidity trap for the impatient. Iād rather see how the institutional market reacts at these new highs before risking my account balance.
Are you going to buy $BTC at the top just out of emotion, or will you patiently wait for a correction to trade with an edge? Iām reading your comments.š
Follow me to see more market analysis based on real data and risk management.