#Advice by #beyoglu
While focusing on coins with high buying/selling percentage ratios and aiming to capitalize on market imbalances can seem enticing, it's crucial to understand the inherent risks involved.
Firstly, high volatility in cryptocurrencies can lead to significant price swings, making it challenging to predict short-term movements accurately. Additionally, relying solely on percentage ratios may not provide a comprehensive understanding of market dynamics, as other factors such as news events, market sentiment, and fundamental analysis can also influence price movements.
like if you trading $BNB setting top-loss and take-profit levels is a prudent risk management practice, but it's essential to determine these levels based on thorough analysis rather than arbitrary percentages. Consider factors such as support and resistance levels, historical price data, and overall market trends when setting your risk parameters.
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