How to protect your money from whale trap in crypto market?

To protect your money from a whale trap in the crypto market, you can take the following steps:

1. Diversify Your Portfolio: Spread your investments across different cryptocurrencies and other asset classes to mitigate risk.

2. Stay Informed: Keep up-to-date with market news and developments. Follow reputable sources and analysts to understand market trends and potential whale activities.

3. Use Stop-Loss Orders: Set stop-loss orders to automatically sell your holdings if their price drops to a certain level. This can help limit your losses in case of sudden price drops caused by whale movements.

4. Avoid FOMO (Fear of Missing Out): Don't make impulsive decisions based on sudden price spikes. Whale traps often rely on creating hype to lure in retail investors.

5. Analyze Market Depth and Volume: Look at the order books and trading volumes to identify unusual activity. Large buy or sell orders can indicate potential whale manipulation.

6. Use Reliable Exchanges: Trade on well-established and regulated exchanges with robust security measures to reduce the risk of manipulation and fraud.

7. Technical Analysis: Learn and use technical analysis to identify potential support and resistance levels, and be cautious when prices approach these levels with high volume.

8. Stay Patient and Disciplined: Stick to your investment strategy and avoid making hasty decisions based on short-term market movements.

By following these steps, you can reduce the risk of falling into a whale trap and protect your investments in the crypto market.