Patience Pays Off

Last night, one of my team members had a trade open. I guided him on the stop loss (SL) and take profit (TP) levels for the UNFI token. We waited literally 24 hours.

We were short on it, with a target of 4.2 and a stop loss at 5.050. When BTC fell, we thought we were going to make money, but instead of going down, UNFI started going up.

I was afraid. We waited, and we were at a loss, with half of our portfolio in the red. I believed and didn't panic (though I actually did panic, hahaha).

After a while, a bullish momentum candle appeared, and we thought it was over. We decided to sell near 4.95 to minimize our loss, but my heart wasn't ready. So I asked him not to sell. Then, boom, a bearish momentum candle appeared, hitting our TP of 4.2. Ahh, I took a sigh of relief and slept very well last night.

So the lesson is: when BTC makes a long wick, don't get overly happy thinking a bull run has started. You have to wait and wait for confirmations before making any moves.

#EmperorMajesty $BTC $UNFI #btcupdates2024 #CPIAlert #BTCFOMCWatch #CryptoPCEWatch