đ„ DAY 11 UPDATE: SURVIVING THE VOLATILITY đ„
I've been away from the market since Friday. One of my rules is not to trade on weekends, and it's been crucial for maintaining my sanity.
Position Update :
$BTC - limit order if CME gap at 59.6 gets filled.
$JASMY - holding in spot
$BCH - holdng in spot
All my long positions in futures are closed for now.
# Current Market Situation
- Weâve seen Bitcoin drop from $64,000 to $60,000, even tapping $59,800.
- There's a CME gap at $59,600 that weâre watching closely.
# Potential Scenarios
- Wait for a test of $59,600 and reclaim of $60000 before considering a long position.
- If Bitcoin surges to $63,500 without a retracement, consider shorting from $64,000 down to $55,000.
- If the range is between $64,000 and $58,000, we need to trade within this range. So observe and adapt.
# Challenge Update
- Current Balance: $223 (account is 2x already)
# Advice for New Traders
- You donât need to trade every day. Sometimes it's better to observe the market and wait for the right opportunities.
- Trading is about being selective. Donât feel pressured to make moves every day. Patience and discipline are key.
#CryptoTradingTips #MarketVolatility #tradingStrategy #bitcoin
