There are only 8 days left until the election, which will send shockwaves through the crypto markets.

Here are my recommendations for the coming days.

1. Avoid leverage.

This will be a period of high volatility coupled with low liquidity as market makers may reduce their books to protect themselves from the masses. It is best to stick to where you are until the dust settles after the election. You may see some excellent buying opportunities in the form of intra-week/intra-day corrections. Take advantage of these.

2. Don’t trust the first move.

Even a Trump win could result in an initial sell-off followed by an eventual rally. Don’t get scared at the first sign of directionality. We have seen this many times before with FOMC moves tricking people into panic buying/selling.

3. Stick to your plan.

This will be a period of high noise. Lots of opinions, short-term speculation, and volatility. Don’t let this affect your overall strategy. Stick to your pre-made plan and take advantage of dips if there are any.