Before You Trade Cryptocurrency… Know the Trend!

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Image Explanation:

The image presents a simple decision-making flowchart based on market trend direction:

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1. In a Bullish Trend:

• Question: Is the price at a support level?

• Yes: Buy.

• No: Don’t trade.

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2. In a Sideways Trend:

• Wait for a breakout before making a move.

• Don’t trade during consolidation.

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3. In a Bearish Trend:

• Question: Is the price at a resistance level?

• Yes: Sell.

• No: Don’t trade.

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Summary:

Before entering any trade, identify the market trend and see if there’s a real opportunity at key support or resistance levels. If conditions aren’t right, the best decision might be not to trade at all!