🚨 Trading Update | Is It the Right Time to Enter Now?
⚠️ Assessing the Current Situation
Risk Level: Very High.
Reason: Bitcoin has reached the 74,000+ zones and may be entering an overbought phase, which could be followed by a sudden corrective drop to take profit.
💡 Trading Rules for the Current Phase
❌ Avoid the
#FOMO : Don’t rush into direct buying at the current price highs.
⏳ Wait for a Retest: Wait for the price to drop and retrace to support areas between 70,000 and 71,000 for a safer entry.
🛡️ Stop Loss: Don’t open any trade without setting a strict stop-loss order immediately below the support.
⚖️ Leverage Management: If you’re trading futures contracts (
#Futures ), use low leverage (2x - 5x) and only isolated margin (
#Isolated )
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