Thursday Wrap-Up | The Last Hour Swept the Lows—Don't Open Another Position Before Dinner
Around 16:00, $BTC was still hovering around 73,500–73,600. But the 17:00 candle swept below the day's low, reaching roughly 73,260, before recovering. It's now around 73,540. The day's low has changed; the same range-bound action from earlier remains unfinished. The overnight high, around 74,811, hasn't been retested either. $ETH is around 2,049, and $SOL is around 83.3.
The Asian session is winding down. When the last hour sweeps the lows and then recovers, it's easy to think, “I should revise my view from this afternoon,” or “Since I'm still watching the market, I might as well open another position.” Both impulses are more complete than what this candle itself is telling you.
A better way to wrap up is to close out the notes you made during the day—not rewrite your conclusions based on the last candle, and certainly not add another position before dinner.
What do you feel more inclined to do right now: close your notes, or look for another reason to enter?
The above is market commentary and a risk-management reminder, not investment advice.
$BTC $ETH
Around 16:00, $BTC was still hovering around 73,500–73,600. But the 17:00 candle swept below the day's low, reaching roughly 73,260, before recovering. It's now around 73,540. The day's low has changed; the same range-bound action from earlier remains unfinished. The overnight high, around 74,811, hasn't been retested either. $ETH is around 2,049, and $SOL is around 83.3.
The Asian session is winding down. When the last hour sweeps the lows and then recovers, it's easy to think, “I should revise my view from this afternoon,” or “Since I'm still watching the market, I might as well open another position.” Both impulses are more complete than what this candle itself is telling you.
A better way to wrap up is to close out the notes you made during the day—not rewrite your conclusions based on the last candle, and certainly not add another position before dinner.
What do you feel more inclined to do right now: close your notes, or look for another reason to enter?
The above is market commentary and a risk-management reminder, not investment advice.
$BTC $ETH