$BTC is 39.7% below its 126,200 peak.
Some feeds are floating a 70-75k buy zone (unverified). Last cycle's drawdown hit 77.6%.
If this one does the same, what's left of your account?
Nov 2021: $BTC tops at 69,000.
A year later it hits 15,476. Buyers at the top waited 28 months, until March 2024, just to break even.
That's spot, no leverage, and the stomach to sit through 28 months.
At 2x long, a ~50% drop liquidates you.
And not every coin comes back. In May 2022, LUNA lost nearly all its value within days.
The math of losses:
• Lose 20%, you need +25% to break even
• Lose 50%, you need +100%
• Lose 77.6%, you need +346%
Do this today:
1. Risk 1-2% of capital per trade, max
2. Set your SL before you enter, and never widen it
3. Ask yourself: "What price proves me wrong?"
Price data: Binance Spot weekly candles.
At 76k: BID or WAIT? Drop one word 👇
#TradingPsychology #RiskManagement #BinanceSquare $BTC
Not financial advice.
Some feeds are floating a 70-75k buy zone (unverified). Last cycle's drawdown hit 77.6%.
If this one does the same, what's left of your account?
Nov 2021: $BTC tops at 69,000.
A year later it hits 15,476. Buyers at the top waited 28 months, until March 2024, just to break even.
That's spot, no leverage, and the stomach to sit through 28 months.
At 2x long, a ~50% drop liquidates you.
And not every coin comes back. In May 2022, LUNA lost nearly all its value within days.
The math of losses:
• Lose 20%, you need +25% to break even
• Lose 50%, you need +100%
• Lose 77.6%, you need +346%
Do this today:
1. Risk 1-2% of capital per trade, max
2. Set your SL before you enter, and never widen it
3. Ask yourself: "What price proves me wrong?"
Price data: Binance Spot weekly candles.
At 76k: BID or WAIT? Drop one word 👇
#TradingPsychology #RiskManagement #BinanceSquare $BTC
Not financial advice.
