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Event ends: August 9, 16:00 UTC
More details: https://www
Golden advice ...
Avoid trading digital currencies during the following times:1. Major news or high volatility:
When influential economic or political news such as inflation reports, central bank interest rate decisions, or news specific to cryptocurrencies themselves are released.
These times witness significant fluctuations that may lead to losses if you are not well-informed.
2. During the weekend:
Traditional markets are closed, reducing liquidity and increasing volatility. During these periods, unexpected price movements may occur.
3. Times of low liquidity:
When liquidity is low, it can be difficult to enter and exit trades at a good price.
4. When the market is in a state of consolidation:
If the price is moving within a narrow range without a clear trend, it is better to avoid trading to reduce the chances of loss.
5. When feeling hesitant or emotional:
If you are tense, afraid, or impulsive, you may make irrational decisions. Trading should be based on a clear strategy and a predefined plan.
6. Initial Coin Offering (ICO) or sudden events times:
Some events may be unexpected and difficult to assess their impact on the market, so it is better to wait until the situation stabilizes.
Extra tips:
Adhere to a clear trading plan.
Use technical and fundamental analysis to determine the best times.
Always maintain risk management.
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