Establishing your stop loss and profit targets before diving into a trade is not just a savvy move—it's a fundamental part of maintaining discipline in the crypto market.

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This practice keeps you from clinging to losing trades longer than necessary and ensures you secure your gains before the market turns against you. It's vital to resist the temptation to adjust your stop loss, hoping the price will recover—especially when it's nearing your set limit.

If you detect a shift in market behavior on lower timeframes after you've entered a trade, or if your plan isn’t unfolding as expected, it's often wiser to exit promptly rather than waiting for your stop loss to activate.

Managing greed goes beyond financial aspects; it’s about mastering self-discipline. The secret to curbing greed? Adhere strictly to your meticulously designed trading plan. This approach will help you control impulsive decisions and foster the confidence required to succeed as a trader.

Keep your focus sharp, have faith in your strategy, and continue trading with wisdom.

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