Follow: For speculators (traders):

8. Not diversifying

Putting all your capital in one currency exposes you to great risks. Diversify your investments.

9. Trading in unknown or low-liquid currencies

Unreliable or low-volume currencies may be subject to manipulation.

10. Ignoring fundamental news

Ignoring economic news or major announcements may lead to unexpected losses due to market volatility.

11. Ignoring fees

Monitor trading and withdrawal fees, especially when executing multiple trades.

12. Not learning from mistakes

Repeating the same mistakes without reviewing your performance and analyzing your mistakes leads to continuous losses.

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#2024withBinance

For speculators (traders):

1. Random entry without a plan

Avoid entering a trade just because the price is moving quickly or based on ill-considered advice.

Make a clear plan that includes entry points, target, and stop loss.

2. Neglecting stop loss

Entering without setting a stop loss level may lead to large and unexpected losses.

3. Trading with money you cannot afford to lose

Do not use money you need for life or essential matters in trading.

4. Being affected by emotions (fear and greed)

Do not make decisions based on fear of loss or greed for large and quick profits.

5. Overtrading

Making a large number of trades in a short time may lead to capital depletion.

Carefully choose the trades that fit your strategy.

6. Relying on recommendations only

Do not rely entirely on the recommendations of others without checking them yourself and analyzing them carefully.

7. Neglecting Risk Management

Risking a large percentage of your capital in a single trade can be disastrous.

Stick to a fixed risk ratio (1-5% maximum per trade).
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To be continued…!!
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#2024withBinance

$BTC
Will Bitcoin price reach 90k or more?
Well, Bitcoin has made a high above 88k, now it can either make a low at 85k or more… If not, it will continue its bullish momentum and will touch 90k, then selling pressure can be seen and a long correction will start…

Now it is up to the stock market and the federal decisions whether the market will continue its bullish trend or start a bearish trend.. I think a bearish trend will start from the end of this week or next week… You guys can start your short trades from 90k and take profits until 88k or less… (buying Bitcoin now is risky)

But don’t fall into this bullish trap because the market must go down one day… The decline will be faster, so don’t count on the bullish trend because it must end once the new policies and economic conditions change… New decisions, war conditions or any kind of bad news can shake Bitcoin and a strong liquidation can happen.. Bitcoin is in such a large volume that a strong liquidation should happen during this month or if not, next month… #BTC☀ #HaveYouBinanced #BTCBreaks88k #MicrosoftBitcoinRejection #BEARISH📉