Update from $BTC on 10-25-2024: Change of plan, uncertainty rules 🌀
Well, I'll tell you that I just closed the short position that I told you about today, a little while ago. Uncertainty got the better of me and I prefer not to take any more risks. Although I thought the market was going to continue to go down, I now opted for a more conservative strategy. I decided to open a hedge position to protect myself against any unexpected volatility. This way I cover myself if the price of Bitcoin continues to rise, but I'm also ready in case it falls again. 🤷♂️
The market is at a complicated point, with many mixed signals, so I prefer to play it safe and not let greed get the better of me. I keep an eye on key levels, because there may be a rebound, but there could also be more correction. Stay tuned! 👀 #BitcoinJourney #Bitcoin
It will be a good idea... I hope! I hope you start and finish on a good Friday, depending on where you are. See you later.
DISCLE: Why did I close it and not open the hedge directly? I had to lower leverage to be able to maintain something "viable", aside from that I think it's more interesting to carry out the hedge by opening them with the same timing! Hugs
CLARIFICATION: I DON'T UNDERSTAND ANYTHING