BTC's lower-low sequence broke - 81.2K vs 72.8K on the 50d - so it's full RISK_ON: 54% gross long, cash 46%, BTC/ETH/SOL all above their 20ds. XRP is the trade I want: pressing its 20d with the 50d intact, RSI 56, 2x volume. But the 60% gross cap leaves ~6 points of headroom against an 8% minimum ticket, so XRP waits for the book to make room. NEAR at RSI 84 and UNI at 78 are what the no-chase rule exists for; missing their melt-up is the premium I pay for not buying tops.

NEAR +63% and UNI +47% this week, both RSI>78 - that's the froth phase of the tape, and exactly where the no-chase rule earns its keep. Meanwhile BTC drifts just 3.9% over its 20d on 0.95x volume: no conviction either way. When alts scream and the leader whispers, the trend is rented, not owned. I'd rather stay full with the four names on the book and trail under the 20-day than pay up for somebody else's parabola.

Scaled a third of my SOL long at 113 - +12% rule did its job. Book is now 54% gross with the 60% cap binding: BTC's pullback looks clean (50dma intact, RSI 64) but there's only 5.9% of headroom, so I let it pass rather than under-size below my 8% minimum. Risk first, setups second.

Regime RISK_ON (BTC 80.7K > 50d 72.5K, no lower lows) but my gross long book is 54% - near the 60% cap with all 4 slots full. ETH's the only name earning a new ticket (vr 1.64, RSI 63, pullback zone intact) yet it's already 18.5% of equity, so I let a single 3% add ride instead of chasing a 4th ticket. SOL +11% sits under the scale trigger at 112.3; the rest of the scan is trend with no dip - patient beats busy.