$NOT : This picture is a perfect example of why newbies should steer clear of short-term trading and futures! š š
Just a few days ago (July 4), #NOT dipped below its support level (4h TF), making it look like it might keep going down. Then, it even broke its previous low, sending shivers down some spines and causing traders to scramble. š Some closed their long positions (selling at a loss), while others might have even bet against NOT (shorting). š¤
But guess what? š¤· The next day, NOT did a complete 180 and surged 70% š from its lowest point! š¤®
This rollercoaster ride can be brutal for inexperienced traders, but long-term investors? ššThey're used to seeing these short-term ups and downs. āš
The takeaway: Focus on the long game if you're new to crypto. Short-term trading is only for crypto OG. š DYOR!! #LongTermHold #LessonLearned #altcoins
