💡 Trading Tips to Remember: #TraderEducation

Stay Smart: Always look for the right entry based on solid technical analysis.

Avoid FOMO: Don’t chase tokens at their peak; wait for pullbacks or confirmation signals.

Be Patient: There are plenty of opportunities ahead with tokens yet to break out.

🔹 Suggested Strategy:

1. Entry Criteria: Use confirmation indicators like bullish engulfing candles, breakouts above resistance, or retests of key support levels.

2. Position Size: Allocate 2-5% of your portfolio per trade to manage risk.

3. Stop Loss Placement: Below recent swing lows or a fixed percentage of your capital.

4. Profit-Taking:

TP1: Partial profit at the first resistance level.

TP2: Move stop loss to breakeven and let profits ride.

5. Risk Management: Always have a clear plan before entering a trade. Adjust stop losses and take profits based on market conditions.

⚠️ Important Reminder:

Set your entry and take profit orders to lock in gains and manage risks.

Volatility Alert: Expect market fluctuations; ensure tight risk management is in place.

Stay safe, trade wisely, and let’s keep the momentum going! 🚀