🚨 Don't Fall into the Trap! Common Crypto Trading Mistakes to Avoid in Volatile Markets 📉🚫

Hello, crypto community! The markets are on fire 🔥, with $BTC and altcoins like $ETH and $BNB showing impressive movements. But it is during these moments of euphoria that the most mistakes are made. Protecting your capital is as important as seeking profits.

Here are 4 common mistakes you should avoid to successfully navigate volatility:

1. The Danger of Fear Of Missing Out 🏃💨

The Mistake: Buying a crypto that has already risen a lot in a hurry, out of fear of missing out on profits. Many times, this leads you to buy at the top, just before a correction.

The Solution: Be patient. Not all opportunities are for you. Wait for pullbacks or consolidations at strong support levels before entering. Do your research ($DYOR) before jumping in.

2. Trading Without a Clear Plan 🗺️❌

The Mistake: Buying without knowing when you will sell (neither in profit nor in loss). This leaves you at the mercy of market emotions.

The Solution: Define your strategy before opening any trade. Set clear entry points, profit targets (take profit), and, crucially, stop-loss levels (to limit losses). Knowing when to exit is as important as knowing when to enter.

3. Excessive Leverage ⚡💸

The Mistake: Using very high leverage in futures or margin trading, thinking of quickly multiplying your profits. In volatile markets, a small movement against you can mean a total liquidation of your capital.

The Solution: Be extremely cautious with leverage. For most traders, especially beginners, low leverage (2x-5x) is much safer. Consider trading Spot if your risk tolerance is low.

Continuing in the next post