Not every rise is an opportunity... Sometimes it's a well-crafted trap!
Most losses happen when you buy a coin after it has skyrocketed because you entered after the plane has taken off🙆
In crypto, the market shows no mercy to those who get excited too quickly!
When you see a coin suddenly rise by 40%, never jump in hoping it will continue to climb...
What happened? People bought below, and you are the prey above...
They are selling to you, and you just entered!
When should I buy?
When the price corrects and calms down.
Don't buy a long green candle... Buy after the market catches its breath.
Watch for new supports.
Has the price returned to rest on a new support? That's when you should consider entering.
Keep your emotions out of the trade.
If you enter with excitement and fear of missing out... then you are not a trader, you are just reacting!
Rule
"Enter during calm... and exit during attack."
The smart trader doesn't chase the price, they let it come to them.😉.
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