𝗗𝗼𝗻'𝘁 𝗜𝗻𝘃𝗲𝘀𝘁 𝗕𝗹𝗶𝗻𝗱𝗹𝘆: Never buy a crypto without researching the team, purpose, and tokenomics.
𝗗𝗼𝗻'𝘁 𝗖𝗵𝗮𝘀𝗲 𝗛𝘆𝗽𝗲 (𝗙𝗢𝗠𝗢): Avoid buying just because a coin is trending or someone promises huge returns.
𝗗𝗼𝗻'𝘁 𝗜𝗻𝘃𝗲𝘀𝘁 𝗠𝗼𝗿𝗲 𝗧𝗵𝗮𝗻 𝗬𝗼𝘂 𝗖𝗮𝗻 𝗟𝗼𝘀𝗲: Crypto is highly volatile; only use disposable income. 𝗗𝗼𝗻'𝘁 𝗕𝗲 𝗜𝗺𝗽𝘂𝗹𝘀𝗶𝘃𝗲: Stick to your plan, don't trade out of frustration or fear.
𝗗𝗼𝗻'𝘁 𝗣𝘂𝘁 𝗔𝗹𝗹 𝗘𝗴𝗴𝘀 𝗶𝗻 𝗢𝗻𝗲 𝗕𝗮𝘀𝗸𝗲𝘁: Diversify your portfolio across different assets. Don't Rely on Too Many indicators Can lead to analysis paralysis.
Why: High volume ensures you can enter/exit positions quickly with minimal price impact (slippage). Look For: Major coins like Bitcoin (BTC) and Ethereum (ETH) typically have the best liquidity. $GUA
𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆:
Why: Creates profit opportunities but also higher risk. Balance: Choose assets with volatility that aligns with your risk tolerance. 𝗠𝗮𝗿𝗸𝗲𝘁 𝘁𝗿𝗲𝗻𝗱𝘀 & 𝗙𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀:
Trends: Identify strong upward or downward trends. Fundamentals: Research the project's use case, team and roadmap. 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹𝘀: Indicators: Use tools like Relative Strength Index (RSI) for market strength and Volume for confirmation. Levels: Identify Support & Resistance levels for potential entry/exit points. #WriteToEarnUpgrade #CPIWatch