U.S. stocks had a rough week too: AI chip stocks plunged, and the Nasdaq fell 3.4% for the week. In a nutshell: crypto and U.S. tech stocks often rise and fall together, so don’t count on crypto prices holding up on their own.
Three things to keep in mind:
1. Volatility can spill over around Monday’s U.S. market open, so check your liquidation price first if you’re trading futures;
2. If you’re copy trading a “guru,” remember that you may not be able to stomach the drawdown they can handle;
3. If you want to buy the dip, do it in batches and keep some cash in reserve—don’t go all in.
#AIChipStocksPlungeNasdaqFalls3.4% $BTC
Lately, have you been trading crypto based on how U.S. stocks are doing, or just watching the charts?
Three things to keep in mind:
1. Volatility can spill over around Monday’s U.S. market open, so check your liquidation price first if you’re trading futures;
2. If you’re copy trading a “guru,” remember that you may not be able to stomach the drawdown they can handle;
3. If you want to buy the dip, do it in batches and keep some cash in reserve—don’t go all in.
#AIChipStocksPlungeNasdaqFalls3.4% $BTC
Lately, have you been trading crypto based on how U.S. stocks are doing, or just watching the charts?