The market is experiencing significant turbulence and unpredictability, intensified by geopolitical issues. It’s remarkable how an extended range can influence our mentality. Even within the 60-70k bracket, many have recently faced considerable financial setbacks. Our activity has been limited over the past 2-3 days due to the absence of a clear market direction, leading to widespread position liquidations. Trading at present feels more like a losing battle.

Here are some important takeaways from this situation:

1- If you’re new to crypto, start with small investments. Without the right guidance, there’s a high chance you’ll lose your money.

2- Setting a stop-loss (SL) is vital. Always determine your exit strategy before entering a trade.

3- Traditional fundamental analysis doesn’t apply to crypto like other markets. Most altcoins are speculative, so pay attention to chart patterns.

4- Embrace the inherent volatility of crypto trading. It’s a high-stakes game with potential for both significant gains and losses.

Crypto trading offers the potential for substantial profits, but you must be prepared for both favorable and unfavorable conditions. The key to success is preserving your capital in challenging market environments.

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