$ADA IMPORTANT ADVICE for newcomers to the market:

The cryptocurrency market has high risks but is also full of opportunities. If you want to participate or are trading, here are some important tips:

1. Strictly manage risk

- Don’t go all-in: Spread out your capital, don’t put everything into one order.

- Set stop-loss: Always have a clear stop-loss point to avoid significant losses.

- Take partial profits: Don’t be greedy, take profits at various price levels.

2. Determine your trading strategy

- Scalping/Day Trading: If you have time to closely monitor the market, take advantage of small fluctuations.

- Swing Trading: Buy when the trend is clearly upward, sell when there are signs of reversal.

- Long-term investment (Hodling): Only apply to coins with good fundamentals like BTC, ETH.

3. Keep an eye on news and technical analysis

- Strongly influential news: FED decisions, legal policies, whale buying/selling will have a significant impact on prices.

- Technical indicators: Learn to use RSI, MACD, EMA, Bollinger Bands to identify reasonable entry points.

4. Control your psychology

- Don’t fomo (fear of missing out): Don’t buy the peak because of hype news.

- Don’t panic sell: When prices drop sharply, consider whether it’s a buying opportunity.

- Trading discipline: Always follow the plan, don’t trade based on emotions.

5. Choose an exchange and secure your account

- Use reputable exchanges: Binance, Coinbase, OKX, Bybit... avoid less transparent exchanges.

- Two-factor authentication (2FA): Always enable two-factor authentication to protect your account.

- Don’t keep coins on exchanges for long: If investing long-term, withdraw to a hardware wallet (Ledger, Trezor) to avoid risks.

Wishing you courage and success!