10 Mistakes Beginners Make in the Crypto Market and How to Avoid Them?
impatience Lack of awareness of the risks Sell low and buy high Not securing open positions Stop learning and awareness of the latest developments in the cryptocurrency market Ignore important events and news Emotional Interventions with Cryptocurrencies Blind trust in analytics and seeking recommendations Not diversifying investments into different cryptocurrencies
The overall market trend appears to be bullish, but beware of overbought (RSI) conditions. If any weakness in momentum (such as reversal candles) is seen, a correction may occur.
If the positive momentum continues, the price could target the next resistance levels near 0.3634.
Advice:
If you are a short-term investor, it may be better to watch for reversal signals such as a falling RSI or reversal candles.
If you are a long-term investor, you can take advantage of the current uptrend, but place a stop loss below the support at 0.34 to reduce risk.
Moving Averages. The price is currently above these averages, indicating a potential bullish momentum on the 15-minute time frame.
Market Trend: There is a gradual rise in price with a clear upward momentum after a strong bearish wave. If the price continues to hold above the moving averages, this supports the continuation of the bullish trend.
RSI Indicator (bottom of the chart): The Relative Strength Index (RSI) is at 60.29, indicating that the market is still in a neutral to positive zone, and has not reached the overbought zone (70).
Trading Volume: Trading volume appears relatively high (7.822 million TRX), which reinforces the strength of the current bullish trend.
Forecast:
If the price continues to maintain its levels above the moving averages, it may test new resistance levels (such as 0.2450 or higher).
Targets 0.26 0.28
In case of a reversal and the price falls below the averages, it may head to test the support at 0.2400 or 0.2350.
Recommendation:
Closely monitor the price action and support and resistance levels.
Use stop loss orders to reduce risks in case of a reversal.
The overall market trend appears to be bullish, but beware of overbought (RSI) conditions. If any weakness in momentum (such as reversal candles) is seen, a correction may occur.
If the positive momentum continues, the price could target the next resistance levels near 0.3634.
Advice:
If you are a short-term investor, it may be better to watch for reversal signals such as a falling RSI or reversal candles.
If you are a long-term investor, you can take advantage of the current uptrend, but place a stop loss below the support at 0.34 to reduce risk.
What is happening in the market!!! The market is still down!!! A big sell wave may destroy traders! Advice: Do not sell your currencies with big losses! Just wait, it will rise again. It is not the right time to sell but the right time to buy $BTC $XRP
I do not recommend strengthening or buying in this bear market
Just hold your currencies and wait for the return of the rise It is not known exactly when it will happen. All the signs so far are a decline in a decline
During a market correction, the choice to buy or hold depends on your strategy and risk tolerance. Buying on dips allows you to acquire assets at lower prices, and benefit from long-term growth. Make sure you have cash reserves and focus on good investments. Holding assets helps avoid emotional decisions, allowing you to benefit from market recovery over time. Remember, “time in the market” often trumps “timing the market.” Review your portfolio, ensure diversification, and stay aligned with your financial goals. Corrections are temporary; focus on fundamentals and patience. Act on your research, not fear or FOMO, to successfully navigate market volatility. $XRP $BTC link DOGE
Dear followers, a decline in the financial markets is always possible. I do not recommend selling out of panic, because the big pump is still on its way. It was just a liquidation game because liquidation is necessary for the market to move more and more with the liquidation, and the liquidation market does not move quickly..
The market in general is bullish Choose the currencies that suit you, it may be an opportunity to buy new bottoms that you have not obtained before DYOR DOGE LINK $BNB XRP
XRP has surged to third place among cryptocurrencies, up 370% since Trump’s victory, fueled by anticipation of the launch of RLUSD today, December 17. XRP’s gains also inspired Bitcoin to reach an all-time high above $107,000. #Xrp🔥🔥
Bitcoin has surpassed $106K, Ethereum has reclaimed $4K, and altcoins are following suit.
Is this the start of a legendary bull run, or should we prepare for a slowdown? Which projects are you most excited about? Are you holding on tight or taking profits?
The market is showing positive momentum with the possibility of continuing the uptrend in the short term.
Watching the support (1.3696) and resistance (1.4000) levels will be key to the next move.
In case of a pullback, the average will form a good support around 1.36.
In case the resistance level of 1.4000 is broken with strong momentum and high volume, we may see a continuation of the uptrend. Achieving the targets 👇
LIVE
AMRAN_GH
--
Bullish
$FTM
Support 1.3 Resistance 1.4 If the resistance is broken, the targets will be achieved 1.6 1.8
The market is very turbulent between decline and rise. I advise not to enter now until the currencies stabilize. Most likely, the rise will start tomorrow
or after hours
Hold your currencies and wait until the situation stabilizes