Don't fall into the trap in crypto!
The problem we always experience in crypto is that sometimes we fall into a trap. This is a common problem for most traders. Because we think we are going to lose something and this baby is basically us falling into the trap. In these days when the market is quiet, I see a lot of posts talking about unfounded trading plans, especially for beginner traders. Friends, I would like to share with you a very important note: I have reviewed some of these plans, and when I compared them with the actual indicators and charts, I found that these plans recommend buying while all analyses point to a sharp decline. This confirms that these posts are not based on any real analysis, but rather on mere guessing or misinformation.
Always remember: Do not listen to promises that are not based on numbers or indicators.
Do not enter into trades based merely on "predictions" or "rumors".
Advice to protect your money: Check for yourself: Before you take any step, open the currency chart and check the main indicators for yourself. This is your first line of defense.
Risk management: No matter how tempting the plan is, remember that risk management is the most important rule. Never invest an amount you cannot afford to lose.
Patience and vigilance: In times when the market is unstable, patience is the best strategy. Do not be reckless and enter into trades that may be losing; rather, monitor the market and wait for the right opportunity. This post is for awareness and warning only. All ideas and opinions expressed are my personal views and should not be considered financial or investment advice.
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Don't fall into the trap in crypto! is a great post you have make and shared.