The market is looking quite grim today. With top coins plunging anywhere from 20% to 40% or even more, we are witnessing a massive shakeout. The market isn't just taking your money; it’s aggressively eroding the psychology of impatient trader
✏️To protect your capital, you should:
- Accept the reality: Never try to "catch a falling knife" until a clear uptrend is confirmed - Risk management: In a downtrend, preserving capital is more important than making a profit. If a trade hits your Stop Loss, cut it immediately—don't hold. Prioritize scalping for quick wins - Maximize profits: If you already have a Short position with a good entry, move your SL to BE (Break Even) and take partial profits. Absolutely do not add to your position without a clear signal or a solid plan - Be patient and wait for the market to confirm a clear bottom. That is when the real opportunity begins for those who managed to keep their cash ready
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🚨 WHAT TO DO WHEN PANIC HITS THE CROWD? 🚨
The market is looking quite grim today. With top coins plunging anywhere from 20% to 40% or even more, we are witnessing a massive shakeout. The market isn't just taking your money; it’s aggressively eroding the psychology of impatient trader
✏️To protect your capital, you should:
- Accept the reality: Never try to "catch a falling knife" until a clear uptrend is confirmed
- Risk management: In a downtrend, preserving capital is more important than making a profit. If a trade hits your Stop Loss, cut it immediately—don't hold. Prioritize scalping for quick wins
- Maximize profits: If you already have a Short position with a good entry, move your SL to BE (Break Even) and take partial profits. Absolutely do not add to your position without a clear signal or a solid plan
- Be patient and wait for the market to confirm a clear bottom. That is when the real opportunity begins for those who managed to keep their cash ready
#BuyTheDipOrWaitNow? #CryptoMarketPullback