Hey everyone, still trying to get my head around scaling out of $BTC positions effectively. I find myself often taking too much off too early, or holding on too long when it dumps. For those with more experience, how do you generally structure your scale-out strategy on a long-term hold or even a swing trade?
Watching $EWZ closely around the 35.70-35.75 area. It's held up well there a few times in the past, suggesting some support, but yesterday's dip through it then back above on a bounce from the low of 35.765 makes me cautious. If we see a sustained break below 35.70 with any real volume, particularly if it closes under there, I'd view the prior support as invalidated, and anticipate further downside pressure. It’s a key level to monitor for now.