๐ Common trading error โ FOMO near resistance
$BTC is at $84.391, stuck to the 24h high ($84.500) and just below the 4h SMA-50 ($84.471). RSI-14 neutral at 45.4 โ no confirmed buying strength.
The dayโs mistake: buying the top of the range on impulse, without waiting for a breakout confirmation. If resistance holds and price gives back the gains, those who entered too quickly get trapped right from the start. The wick above the line is not a breakout.
The simple rule: only consider the breakout after a 4h close above resistance, with RSI in confirmation. Patience is a position.
Risk management first: set your stop before entering and risk only a small fraction per trade. Without a stop, thereโs no trade.
#Bitcoin #Trading $TAGS
$BTC is at $84.391, stuck to the 24h high ($84.500) and just below the 4h SMA-50 ($84.471). RSI-14 neutral at 45.4 โ no confirmed buying strength.
The dayโs mistake: buying the top of the range on impulse, without waiting for a breakout confirmation. If resistance holds and price gives back the gains, those who entered too quickly get trapped right from the start. The wick above the line is not a breakout.
The simple rule: only consider the breakout after a 4h close above resistance, with RSI in confirmation. Patience is a position.
Risk management first: set your stop before entering and risk only a small fraction per trade. Without a stop, thereโs no trade.
#Bitcoin #Trading $TAGS
