Fatal mistakes that beginners make in the crypto market must be avoided to prevent losses 😥😤

🧨 5 fatal mistakes beginners make in the crypto market – and avoiding them could save you from losses

In the world of digital currencies, tempting profits come quickly... but so do losses. Many beginner traders enter the market passionately, but without a plan or awareness, falling into the same mistakes that have been repeated thousands of times.

In this article, we reveal to you 5 common mistakes that could destroy your portfolio if you’re not careful – with practical tips to avoid them 👇

1️⃣ Entering the trade because of the "hype"

Have you seen a coin suddenly rise 200% on Twitter or Telegram? If you only entered because "everyone is buying," you are a victim of FOMO (fear of missing out).

> 🧠 Tip: Do not enter any trade without technical or fundamental analysis supporting your decision. Hype ends quickly, but losses may linger.

2️⃣ Ignoring capital management

You might win in one or two trades, putting all your money into the next trade... then the currency crashes! Here ends the journey.

> 🧠 Tip: Do not risk more than 1-3% of your capital on a single trade. Always use stop-loss.

3️⃣ Not understanding the project or the currency

Many buy coins just because they are cheap (for example, $0.001), believing they will reach $1! But without understanding the supply, the goal, and the team.

> 🧠 Tip: Read the whitepaper and understand the project's idea before investing. Don't buy "price," buy "value" instead.

4️⃣ Emotional trading

Fear, greed, anger... all these emotions are deadly in the markets.

> 🧠 Tip: Stick to a pre-planned strategy and rational decisions. Don't chase the market. And don’t try to quickly recover losses.

5️⃣ Ignoring technical indicators

RSI, MACD, and moving averages are not just "decorations" on the chart. They are tools that provide strong entry and exit signals.

> 🧠 Tip: Learn the basics of technical analysis, and monitor indicators before making any decision. I will explain some of them in upcoming articles 🔍

📌 Summary

Success in the crypto market does not require genius, but discipline.

Avoiding these five mistakes will indeed put you halfway towards success.

🖼️ Attached art image: Image# showing the RSI indicator in overbought and oversold stages with examples of wrong decisions due to FOMO.

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