🖤 ​​Psychology of market cycles🖤
🖤Part-4🖤

🖤During an uptrend, traders are at the stage of faith, optimism, excitement, which often leads to the appearance of FOMO syndrome before reaching the maximum. Therefore, it is important here to realize the profit received.
🖤 ​​Set realistic goals and exit the deal❗when they are achieved❗instead of waiting for further growth, and we love that and pull the deal to the skies🤦

🖤In a downtrend, market participants are at the stage
Overconfidence, Anxiety, Denial, which is why they often sell their assets in panic before reaching the minimum.

🖤To avoid this, before making a transaction you must clearly understand ❗how much you are willing to risk❗
Place stop losses to cut losses and open positions when there is a high probability of achieving your goals.
🖤The market will not go anywhere for you, you don’t need to blame yourself, it opened, closed, whatever, you simply don’t have a strategy and a clear plan in this case, or you just haven’t yet understood how to work in the young cryptocurrency market, where there is always volatility is off the charts 🌊
Analyze and work on your mistakes, keep a log of your trading transactions.

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