🔍 What is FOMO in crypto?
FOMO is an emotional reaction when a trader sees a sharp rise in an asset and fears missing out on the 'rocket'. Most often, this leads to buying at the peak, after which the price corrects, and the trader realizes a loss.
🧠 How to combat FOMO?
Create a trading plan. You should have clear goals, entry/exit levels, and stop-losses. Do not deviate from the plan due to emotions.
Research the asset. Before buying a token, conduct an analysis: what is behind the project, what are the prospects, who is the team.
Use DCA (dollar-cost averaging). Do not invest the entire amount at once. Divide your capital into parts and enter gradually.
Turn off the noise. Reduce the influence of social media and Telegram chats. Trust only verified sources.
Keep a trading journal. Analyze your mistakes — this way you will understand where you succumbed to emotions.
⚖️ Remember
The crypto market offers opportunities but also requires discipline. Fighting FOMO is the key to long-term profit. Follow the strategy, not the crowd.