An important rule in the crypto market: Don't buy the currency when it's high!
In the world of digital currencies, news plays a big role in moving prices. Yesterday, the TON currency suddenly rose due to the spread of an important news, which led many people to buy quickly.
But... just hours later, an official statement from the UAE government denied the validity of the news, and here the currency started to drop sharply!
💡 Lesson: Don't chase currencies after their sudden rise due to news or announcements. Sometimes it's just a temporary wave, and those who buy at the peak are the first losers.
✅ Always think before you enter:
Is the price reasonable?
Is the news reliable?
Did you miss the train?
⚠️ The market is smart, and it does not forgive the hasty.
