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Massive long liquidations have been flushed in just one huge wick!
This is a reminder to:
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Lower your leverage - Overleveraging is risky.
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Do spot trading if there are upcoming events like ETFs - Spot trading can help manage risk around major announcements.
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Set stop losses - This protects you from large unexpected price swings.
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Don't trade more than you can afford to lose - Never risk money you can't afford to lose!
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Trade with a plan - Have a trading strategy and stick to it. Don't make emotional trades and get hyped by someone in the Crypto Twitter!
#Crypto
