$NOT : This photo is a perfect example of why newbies should stay away from short-term trading and futures! 😅👇
Just a few days ago (July 4th), #NOT fell below support (4h TF), making it look like it could continue to go down. It then even broke the previous low, sending shivers down the spine of some traders and sending traders scrambling. 📉 Some have closed their long positions (selling at a loss), while others may even bet on NO (selling short). 😤
But guess what? 🤷 The next day, DO turn 180 degrees and increase 70% 📈 from the low! 🤮
This rollercoaster ride can be brutal for inexperienced traders, but what about long-term investors? 👀 👉They are used to seeing these short-term ups and downs. ☕🍕
Lesson learned: Focus on the long game if you are new to crypto. Short-term trading for OG cryptocurrency only.