Here are 5 essential tips for crypto trading — suitable for both beginners and intermediate traders:
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1. Always Use Stop-Loss Orders
Never enter a trade without setting a stop-loss.
✅ It protects your capital from major losses.
💡 Example: If you’re scalping Bitcoin, set a stop-loss just below a key support level.
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2. Don’t Chase Hype or FOMO
Avoid buying coins just because everyone is talking about them.
🚫 By the time it’s trending, smart money may already be exiting.
✅ Do your own research (DYOR) before entering.
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3. Master Technical Analysis Basics
Learn support/resistance, RSI, MACD, and trend lines.
📊 These help you make informed entries and exits.
Tip: Use TradingView for charting and indicators.
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4. Risk Only What You Can Afford to Lose
Crypto is volatile.
💸 Never invest money you need for rent, food, or emergencies.
Stick to a fixed risk percentage per trade — like 1–2% of your total capital.
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5. Have a Clear Strategy
Don’t trade randomly.
🔁 Whether it’s scalping, swing, or position trading, have defined entry/exit rules.
Journal your trades to review mistakes and improve.$BTC
