If we see another sharp ⚡️ move before a reversal, many inexperienced traders are likely to suffer losses, struggling to re-enter at the right time and recover from their stop-losses. While several critical levels have been hit with precision, some remain untouched. Bitcoin, in particular, has yet to reach any significant key level, as the recent moves mainly targeted high-volume coins and liquidity zones on major charts. Some of these zones have been reached, while others remain intact.
For this reason, stop-losses on long positions should be set above break-even rather than at it. It’s better to secure a profit than risk liquidation, especially since tight stop-losses might not trigger if another ⚡️ move occurs. Taking partial profits is a prudent strategy, as holding your entire position in hopes of maximizing gains often leads to unnecessary losses driven by greed.