If there is a pullback or a quick spike, don’t be easily shaken out.
But “not being shaken out” doesn’t mean you should stubbornly hold on.
Real preparation means thinking in advance: at which point of a pullback can you still hold; and if price breaks below which level, you must leave.
Without this line, what’s called “holding” is only emotion.
#BTC If price is consolidating above the key support, the fluctuation is just the process; if the support has already been broken, then it isn’t a shakeout—it’s a change in direction.
But “not being shaken out” doesn’t mean you should stubbornly hold on.
Real preparation means thinking in advance: at which point of a pullback can you still hold; and if price breaks below which level, you must leave.
Without this line, what’s called “holding” is only emotion.
#BTC If price is consolidating above the key support, the fluctuation is just the process; if the support has already been broken, then it isn’t a shakeout—it’s a change in direction.
