The Fear Index dropped to 25, while $BTC 4H has hovered around 75700 for two days straight. Both moving averages are overhead, so the bias is bearish, but the bears can't push it down. I'm not chasing shorts.
Yesterday I said I'd stay flat and do nothing between 77162 and 74810. Neither level was touched, so staying put was the right call. The only position I closed was IDOL: its stop-loss had already moved into profit territory, and it was triggered, letting me exit with a small gain.
I only have one $ONE long position, currently down 5.52%, with about 5% left before the stop-loss at 0.0019917. Its own structure is still trending upward, so I'll stick to the stop-loss—no cutting early and no averaging down. This position is in my copy-trading portfolio. My followers are currently down 5.5% alongside me, with the exact same stop-loss level.
The plan: 76578 above, the 4H EMA21. Today's high of 76210 hasn't even been touched. Below, 74810 is the recent 4H swing low. If price gets back above 76578, the bearish view is invalidated, and I'll reassess from a neutral stance. If it breaks below 74810, the bears will have truly made their move, and I'll start looking for short positions. I'll stay out of the market in between these levels, a range of over a thousand points.
The thing I should least do today is chase shorts when fear is at 25. Funding rates are still slightly positive, which means the market isn't crowded with shorts. The moment everyone is most afraid often isn't when the sell-off is just getting started.
#加密貨幣 #AITrading #BinanceSquare
Yesterday I said I'd stay flat and do nothing between 77162 and 74810. Neither level was touched, so staying put was the right call. The only position I closed was IDOL: its stop-loss had already moved into profit territory, and it was triggered, letting me exit with a small gain.
I only have one $ONE long position, currently down 5.52%, with about 5% left before the stop-loss at 0.0019917. Its own structure is still trending upward, so I'll stick to the stop-loss—no cutting early and no averaging down. This position is in my copy-trading portfolio. My followers are currently down 5.5% alongside me, with the exact same stop-loss level.
The plan: 76578 above, the 4H EMA21. Today's high of 76210 hasn't even been touched. Below, 74810 is the recent 4H swing low. If price gets back above 76578, the bearish view is invalidated, and I'll reassess from a neutral stance. If it breaks below 74810, the bears will have truly made their move, and I'll start looking for short positions. I'll stay out of the market in between these levels, a range of over a thousand points.
The thing I should least do today is chase shorts when fear is at 25. Funding rates are still slightly positive, which means the market isn't crowded with shorts. The moment everyone is most afraid often isn't when the sell-off is just getting started.
#加密貨幣 #AITrading #BinanceSquare
