It is no longer news that there has been a very long DIP in the crypto space. Some would call it manipulation and I totally agree with them because this is more than a correction. I was a very RED day after Donald Trump announcing a 100% tariff on goods from China. To be very honest I do not see a significant correlation between this Tarrif Hike and crypto but it is what it is.
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With the news being announced, a lot of things went south in the Crypto space. While BTC the King of Crypto lost about 10% , ETH the first son lost about 11.3%. This has left around 19 Billion lost in leverage. A popular crypto person and influential also took his own life my condolences to the entire member of his family and friends, it is a sad day for all but suicide is not the answer. I would say this and for safety sake, please check on your friends, those that trade crypto and those that do it secretly.
In a nut shell I will say:
Ensure to risk only what you can afford to lose: Crypto has made so many rich as well as made so many poor. It has made so many depressed and has also made so many a livelihood. The only way to maintain sanity is to risk only what you can afford to lose;
Have a Trading Plan: One has to have a trading plan. A trade that does not have a Take Profit or a stop loss is a gamble. There just has to be a place to exit the trade. Also, if the trade profit is not giving 3 times more than what you can lose, it is best to just let it slide
*Do not Trade at all times: If there is no clarity in the market it is just best to stay completely away from the market. It is not a do or die affair. Spend quality time with your love ones and some days keep your mind of the chart. The market knows no professional nor an expert. I takes what it wants when it wants it. Do not be a victim.
