#أكبر Beginner's mistake?
#CryptocurrencyWealth #BinanceHODLerFF
First: Never buy a currency when it is rising, no matter the temptations.
And do not buy the currency when it is falling and think it has reached the bottom, because it can drop even more... except in two cases only:
The first: If you see an upward rebound in the index and the rise continues longer, then buy and monitor the rise until you reach a small profit, for example, a dollar. Here, set a stop-loss and a profit limit with a reasonable expected profit equal to previous indicators, and stay away from greed.
If you are greedy for more, set a stop-loss and let it rise.
And repeat raising the stop-loss whenever it rises.
The second: If you see the index has reached the bottom, refer back to the previous index of the currency and check how many times the index reached the bottom in the past month. If the current bottom is the lowest, know that the index is likely to rebound and rise. Additionally, observe the three indicators: orange and purple. If you see them starting to curve upwards, especially if the orange is above the purple, it indicates a rise.
Wait a bit to see the upward rebound. Wait and see the rebound rise, then enter and buy the currency.
The picture shows a serious mistake made by beginners if they see a drop in the currency and they have not activated the stop-loss; they sell immediately, which is a mistake. The correct approach is to not sell until you profit. Wait and let the index rebound and rise.
