⚠️ Mistake of the day: chasing the price at the top of the range
$BTC is at $83.164, up 0.34% in 24 hours and down 1.77% over 7 days, right near the 24-hour high ($83.234) — it's in the top 85% of the day's range.
The RSI-14 is at 67.2, already close to the exhaustion zone, and the 50-period moving average at $84.098 remains above, acting as resistance. The 4-hour trend is still unclear/mixed.
Buying here out of FOMO, without a confirmed close above resistance, means paying the day's highest price with little room before the next ceiling. If the price is rejected, there's no protection against a drop to support at $80.394.
Simple rule: don't chase. Wait for a close above resistance or a pullback to support, set your stop before entering, and risk only 1% to 2% of your account per trade.
Risk management first, entry second.
#Bitcoin #CriptoVisao #Trading
$BTC is at $83.164, up 0.34% in 24 hours and down 1.77% over 7 days, right near the 24-hour high ($83.234) — it's in the top 85% of the day's range.
The RSI-14 is at 67.2, already close to the exhaustion zone, and the 50-period moving average at $84.098 remains above, acting as resistance. The 4-hour trend is still unclear/mixed.
Buying here out of FOMO, without a confirmed close above resistance, means paying the day's highest price with little room before the next ceiling. If the price is rejected, there's no protection against a drop to support at $80.394.
Simple rule: don't chase. Wait for a close above resistance or a pullback to support, set your stop before entering, and risk only 1% to 2% of your account per trade.
Risk management first, entry second.
#Bitcoin #CriptoVisao #Trading