To whom it may concern 🌞
Market manipulation is very common in the crypto space, an understanding of the tactics used by whales helps level the playing field.
Here are some helpful tips:
➜ Use stop limit orders to prevent cascading liquidations
➜ Wait for confirmation before taking trades just based on chart patterns
➜ Act only when key support or resistance levels break decisively
➜ Avoid buying during pumps or chasing cryptos with unusual volume
➜ Be patient during range compressions; avoid chasing breakouts.
➜ Scale out of your position when volatility spikes dramatically.
Finally, acting with prudence by limiting position sizes, waiting for solid confirmations and proper risk management can give an edge to trade profitably irrespective of the chaos in the market.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #Write2Earn!