The 2024 U.S. Presidential Election is approaching fast, bringing potential for market-shaking events! As one of the year’s major influences on crypto markets, this election could lead to notable volatility. Based on previous trends, we expect intensified price fluctuations and temporary shifts in liquidity.
Here’s how to stay prepared:
Be Ready for Market Volatility
Election updates and policy shifts may drive sharp price swings. Keep a close eye on the market to protect against sudden moves.
Set Stop-Loss & Take-Profit Levels
Secure your trades by setting stop-loss and take-profit orders to navigate periods of high volatility effectively.
Trade With a Clear Mind
Stay calm in uncertain times. Avoid overtrading to prevent emotional decisions that might impact your trades.