Trading Cryptocurrency requires you to be in the market always.

in Tron Fan Club9 months ago

Hello guys,
It's another day of learning and I'm delighted to remain your host. After a careful examination, I have decided to share this piece with all those reading through my article.

Most times people think that once a signal is given, since they are given by professionals then the need to be in the market to monitor the price movement is no longer important for that reason I have come to clear the air with regards to that.

Whenever you enter a market, it is your duty and responsibility to always check through the market movement and be sure that the market keeps moving in your direction if there is a change of direction at any point, you are advised to quickly opt out of the market.

Screenshot_2023-10-18-04-59-37-85.jpg

I'm saying this because of the signal I gave on a daily timeframe to the pair of ADAUSDT as you can see from the above image. The market at some point went very high though never hit the final take profit but after a certain level of movement we have seen that the market retraced.

If you are to be in that market, it is advisable to have left the market immediately when the market starts retracing. This is not something to tell you always. With that movement, you have made a very good profit and you can decide to exit or secure some profit and leave a little in the market.

There are lots of factors that influence the market movement and that is exactly what happened to the analysis we did on ADAUSDT. The market repeated our analysis and was going in our direction and maybe news came up which made it reverse in the opposite direction.

So that is all you need to know about staying steady in the market and waiting for the perfect time to exit the market if the market is no longer moving in your direction.

If you have any questions or contributions about the movement of the said asset, endeavour to use the comment section of this post, and I promise to attend to it ASAP. See you all again in my next publication. I wish you all the best as you trade today.

Disclaimer: This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your research and consult a financial advisor.

Sort:  

Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
image.png
please click it!
image.png
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)

The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.

Upvoted! Thank you for supporting witness @jswit.

Excellent advise you have given. It's good to always keep tabs on the market and take your profit when you're supposed to because the market can change direction against you quickly.

This is an interesting post from you friend, indeed crypto trading requires that you are always in the market.

Thanks for sharing with us 😊👍

Coin Marketplace

STEEM 0.21
TRX 0.13
JST 0.030
BTC 67083.87
ETH 3502.60
USDT 1.00
SBD 3.13