failed to adhere to the planned long setup
i was positioned long on btc and flipped to a high leverage short after friday’s risk off move in equities (nasdaq −2.86%, s&p 500 −1.82%) and gold
bitcoin had already declined sharply the prior day from the low $81,000s into the mid $77,000s, and on friday only extended to approximately $76,200 before recovering toward $78,000 over the weekend
the impulsive flip, combined with high leverage resulted in an immediate breach of the $50k assessment