The BSP short was entered a bit too early at 47.5. The position is currently showing a small floating loss of just over 1, still within the normal cost range for a starter position.
What’s really worth watching is that the RSI has already dropped to an extremely low level, while price is grinding out a bottom on declining volume. Bearish momentum has clearly weakened. There’s no need to overstay here—set a breakeven stop first.
The line in the sand is clear: if price moves back above 48.14, reduce the position. Don’t let emotions get in the way. The profits from the other short positions shouldn’t be given back on this trade.
Are you holding firm to the 47.5 entry, or moving the stop to breakeven first?
#BSP #BinanceSquare
What’s really worth watching is that the RSI has already dropped to an extremely low level, while price is grinding out a bottom on declining volume. Bearish momentum has clearly weakened. There’s no need to overstay here—set a breakeven stop first.
The line in the sand is clear: if price moves back above 48.14, reduce the position. Don’t let emotions get in the way. The profits from the other short positions shouldn’t be given back on this trade.
Are you holding firm to the 47.5 entry, or moving the stop to breakeven first?
#BSP #BinanceSquare