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RE: Steemit Crypto Academy Contest / S13W6 - Leverage in cryptocurrencies.

in SteemitCryptoAcademy11 months ago

Greetings friend, you've explained the topic at hand very well. On the use of leverage in the cryptocurrency market, the Cryptocurrency markets are known for their high volatility, but then, the use of Leverage also amplifies the volatility, by increasing both potential gains and losses.

Therefore, to mitigate the impact of this volatility, traders are encouraged to set appropriate leverage levels based on their risk tolerance and try to avoid excessive leverage during highly volatile periods and consider using trailing stop-loss orders to protect profits.

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Thank you so much brother for visiting my post and leaving a beautiful comment 😀. Have a wonderful day ❤️

Glad I could help. Although I'm guessing it don't go as planned, but who knows, today is another day, we will never know what's in store for us.

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