LIVE"Crypto Traders, Let's Wise Up!
Recently, a sudden 5-minute ETH price swing caught many off guard, resulting in liquidation for some of you. This drastic market fluctuation highlighted the risks of high-leverage trading, with ETH's market capitalization plummeting by nearly $40 billion in just 5 minutes - a staggering amount, equivalent to the combined market capitalization of Toncoin (TON) and Cardano (ADA)!
As someone who has experienced similar setbacks, I understand the frustration. But let's break the cycle of repeating the same mistakes. Instead, let's adopt smart trading practices and prioritize owning spot positions. This way, unexpected price swings won't catch us off guard.
By setting price alerts, I was aware of the situation and weathered the storm, but my heart goes out to those who were liquidated. Let's learn from our experiences and trade wisely, avoiding high leverage and its pitfalls. #ETH #PEPE #altcoins #BTC"
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