Avoid trading in cryptocurrencies at the following times:
1. During major news or high volatility:
When influential economic or political news is released, such as inflation reports, bank interest decisions, or news related to cryptocurrencies themselves.
These times witness significant fluctuations that may lead to losses if you are not sufficiently informed.
2. During weekends:
Traditional markets are closed, which reduces liquidity and increases volatility. Unexpected price movements may occur during these periods.
3. Times of low liquidity:
When liquidity is low, it may be difficult to enter and exit trades at a good price.
4. When the market is in a state of consolidation:
If the price is moving within a narrow range without a clear direction, it is better to avoid trading to reduce the chances of loss.
5. When feeling hesitant or emotional:
If you are nervous, afraid, or impulsive, you may make irrational decisions. Trading should be based on a clear strategy and a prior plan.
6. ICO or Breakout Events:
Some events can be unexpected and difficult to estimate their impact on the market, so it is better to wait until things stabilize.
Additional Tips:
Stick to a clear trading plan.
Use technical and fundamental analysis to determine the best times.
Maintain risk management at all times.
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