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$BTC – Close All Short Orders, Focus on Holding Long 📈
After the reversal scenario from FOMC is no longer valid, I’ve decided to exit all short positions and only keep long orders.
This is probably a “bittersweet” decision. Previously, I still maintained a bullish view, believing this uptrend is not over yet, and I’ve already caught some long orders with a very good RR ratio. However, to hedge against the possibility of a reversal after FOMC, I tried opening a short at the end of the uptrend.
Even so, the market has shown buying strength strong enough and, in the short term, hasn’t paid any attention to the “price absorption zones” below. That means the short idea is no longer valid. And when the scenario becomes invalid, I will exit the orders immediately—no stubbornness, no “marrying the position.”
From a risk management perspective, trying to short is reasonable because it follows the plan. But in terms of profit efficiency, it’s not the optimal option. Anyway, adhering to discipline is more important than being right or wrong on each individual trade.
I still lean toward a bullish bias. If the market pulls back toward lower levels during the week, that will be an opportunity to look for new long orders instead of forcing shorts.
📈 Current plan:
• Exit all the final short positions.
• Aim to take profit on the first long runner around the 81k zone.
• Prioritize taking profit on the long orders from 71.4k first, in case the 75k scenario still happens (the current probability is lower).
In short: a plan is a plan. When conditions change, actions must change too. Don’t be stubborn with your positions—stay loyal only to the trading system. $BTC
{spot}(BTCUSDT)