If you're feeling stressed right now, or have lost money, take a break. There's absolutely ZERO need to revenge trade and lose more, while emotional.
The best approach now is simply to step back, reassess the broader market picture and track the important POIs on the charts.
As bullish as I am on the high-timeframes and broader macroeconomic environment and positive narratives that are emerging, I won't hesitate to hedge part of my spot holdings in order to mitigate the short-term downside risk, if there's a breakdown.
But for now, there isn't one. The market structure is still intact and supports are holding.
No reason to panic without durable shifts.
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If you're feeling stressed right now, or have lost money, take a break. There's absolutely ZERO need to revenge trade and lose more, while emotional.
The best approach now is simply to step back, reassess the broader market picture and track the important POIs on the charts.
As bullish as I am on the high-timeframes and broader macroeconomic environment and positive narratives that are emerging, I won't hesitate to hedge part of my spot holdings in order to mitigate the short-term downside risk, if there's a breakdown.
But for now, there isn't one. The market structure is still intact and supports are holding.
No reason to panic without durable shifts.