source avatarFilgreat | Crypto Trader

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That's it. No more adjusting. Time to let the probabilities do the work. The overall market is still bearish, but structurally on $btc and $eth we're trading relatively close to a potential lower low on the daily. That's not the highest-probability area to be opening fresh shorts, even if the trend remains down. BTC looked like it could push into a deeper correction, which would've offered around a 2R long opportunity. At the same time, that move would be counter-trend, so there were mixed signals and some back-and-forth. Since several alts have already rallied back into potential lower-high territory, I was able to reposition my shorts with much wider invalidation levels with good RR potential. For those wondering why I was adjusting positions, that's the reasoning. I took a few small losses during the repositioning, but that's part of the process. The combined risk-to-reward across the current setups is approximately 10.3R, which is more than enough to recover those losses and still generate a solid return if the thesis plays out. Current exposure is just under 2%, which is higher than I typically run, but I believe $BEAT and $ONDO currently offer better-than-average probabilities. Also in drawdown but only need a few good back to back wins.

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