🧨 Title:

5 Common Mistakes Beginners Make in Cryptocurrency Trading 🔥

📉 Content:

Are you new to the crypto world? Many beginners make the same mistakes, and these are the most dangerous:

❌ 1. Entering the market without a plan:

They buy just because someone said, "This coin will rise!"

✅ Advice: Do not enter any trade without a clear plan; define why you bought and when you will sell.

❌ 2. Trading with emotion:

Fear led them to sell at a loss... Greed made them wait too long and lose their profits.

✅ Advice: Stay calm. Use analysis, not emotion, in your decisions.

❌ 3. Ignoring capital management:

They put all their money in one trade!

✅ Advice: Do not risk more than 5–10% of your capital in a single trade.

❌ 4. Chasing peaks (FOMO):

Seeing the price rise, they buy at the peak... then the price drops.

✅ Advice: Wait for smart entry opportunities. Don't be the last to buy.

❌ 5. Relying only on recommendations:

They follow recommendation channels and learn nothing.

✅ Advice: Learn technical and fundamental analysis on your own. The market does not forgive ignorance.

📊 Real example:

On May 20, 2024, the price of BNB was around $570, and there was strong resistance at $590.

Buying directly at $585 without waiting for confirmation was a mistake.

🔁 After two days, the price dropped to $540, before it started to rise again.

🎯 The right trade:

Wait until BNB firmly breaks the resistance + strong trading volume, then buy upon retesting the $590 level as support.

💬 Discussion question:

What mistake did you make?