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For new traders :
$BTC at 63500, how to strategize and manage risks now ?
if you have existing long positions bought in dip, hold.
don't open new short positions #assuming btc will dive back to 60k.
focus on new projects (Rez, RPL, CKB, Pendle) and projects that moved well (coti, jasmy, lever..)
Add small volume to winning trades and trail stoploss of 3% are your convenient level.
don't average losing trades.
Since btc went from 58k to 63500, don't open new long positions now. give it a day and wait for new opportunities if btc goes towards new EMA levels.
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