🟥 DAY 11 UPDATE: SURVIVING THE VOLATILITY 🟥

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

- We’ve seen Bitcoin drop from $64,000 to $60,000, even tapping $59,800.

- There's a CME gap at $59,600 that we’re 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 don’t need to trade every day. Sometimes it's better to observe the market and wait for the right opportunities.

- Trading is about being selective. Don’t feel pressured to make moves every day. Patience and discipline are key.

#CryptoTradingTips #MarketVolatility #tradingStrategy #bitcoin