5 PITFALLS TO AVOID IN THE MARKET Irrespective of whether

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5 PITFALLS TO AVOID IN THE MARKET Irrespective of whether the market is bullish or bearish: ➡️ Don't just base your trade entries one time frame without identifying the overall market structure and key levels. ➡️ Don't just follow any update you see on Binance Square/X without first applying the DYOR principle. Note: Take full responsibility for your decisions. ➡️ When you miss a major pump, don't FOMO. Allow the dust to settle before you make an entry. #PatienceWins ➡️ Don't be greedy. Always take profit. ➡️ Don't take a trade without a stop-loss unless you are applying the Hodl strategy. #BTC

5 PITFALLS TO AVOID IN THE MARKET 
Irrespective of whether the market is bullish or bearish: 
➡️ Don't just base your trade entries one time frame without identifying the overall market structure and key levels. 
➡️ Don't just follow any update you see on Binance Square/X without first applying the DYOR principle.
Note: Take full responsibility for your decisions.
➡️ When you miss a major pump, don't FOMO. Allow the dust to settle before you make an entry. #PatienceWins  
➡️ Don't be greedy. Always take profit. 
➡️ Don't take a trade without a stop-loss unless you are applying the Hodl strategy.
#BTC  

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Let me say this, If you don't effectively manage your fear and greed in the upcoming bull market, you will make stupid decisions because of fear, or you will end up holding your bags because of greed. In late 2022, I bought some $SOL at $28, and when the price of SOL was $30, I made $110 profits just within a few hours. I didn't take profit because of my greed that it would go further up even though my wife intuitively suggested I take profit, but I refused and went to bed without a Stop Loss. I woke up the next day with news flashes of FTX crash, and the price of $SOL was trading at $18. I panicked and checked out of all my crypto positions including $SOL and ended up with a huge loss. Let me say this again, If you don't effectively manage your fear and greed in the upcoming bull market, you will make stupid decisions because of fear, or you will end up holding your bags because of greed.

MARKET MANIPULATION ??? The massive price drop in #BTC and #Altcoins in the first week of April has been very interesting, especially for both retail traders and investors due to the pendulum swing of market whales and institutional players. As nobody can accurately predict the direction of the market, many people have worn their speculative lenses to make some wild predictions. Some say #BTC will tank at either 55k or 35k but on the other hand many also hold the view that these pullbacks are necessary for a potential hike in prices that will see #BTC move to 100k or 200k. This #FUD has left many confused as to the decision to make at this crucial time as to whether they should short or go long. In the market, you have to learn to make your own decisions because nobody cares about what happens to your money 💰. In the words of Mark Douglas: " If you don't trust yourself to act in your best interest, then trading is not meant for you." That notwithstanding, If you have done your due diligence in the coins you have in your portfolio, this could be a good time to DCA into your portfolio. NB: This is not financial advice. #DYOR $BTC $MATIC

CRYPTO NEWBIES GUIDE 101 Don't just be carried away with the screenshot of profits people show online without first understanding some key tenets of the actual technology that powers the crypto world: Blockchain✅️ A blockchain is an advanced database mechanism that enables transparent information sharing within a business network. It stores transactional records as a structured "block" in several databases technically known as a "chain" in a network that is connected through P-2-P nodes. This type of storage is referred to as a "Digital ledger." Note: A digital ledger is like a Google spreadsheet whose data is shared among many PCs within a network. So, with blockchain, anyone can see the data that is shared on a given network (transparency), but nobody can alter/corrupt it. Blockchain technology has come to stay because of it competitive edge of : ▶️Decentralisation ▶️Security and ▶️Scalability All the crypto projects in existence and even emerging projects are developed to tackle/solve problems either in relation to decentralisation, security and or scalability. For instance, the Etherum project has carved a niche for itself as the most secured network in the crypto space, but in terms of scalability, speed, and fees, Solana does a better job although the solana network has a lot of security issues.

5 MARKET KEYS FOR THE 2024 BULL CYCLE ➡️ The bull market is an opportunity to make easy money only if you have a definite plan. Note: Because of the massive hikes in price, even traders/investors without a definite plan can make money, but they will eventually give it back to the market. ➡️ The bull market is made up of impulsive & correction patterns. So don't panic when there is a parabolic drop in price within a short period only if the overall market structure is bullish. In most cases, long red candles come to liquidate high leverage positions. ➡️ Usually, Bull market Corrections are temporary dips of 5% - 15% and offer great opportunities to Dollar cost average. ➡️ Have an exit strategy. Don't fall for the bull run euphoria. Think logically, not emotionally. ➡️ Do your own research before you trade/invest your money in any coin. Make sure the outcome of your decisions is based on your own conclusions (research), not just what someone/influencer shared/posted.

If you want to be a consistent profitable trader, make time to read and if possible re-read this 👇

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