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Always be ready to take your profits!
One of the biggest mistakes I see with crypto traders is they don’t prepare in advance to take their profits. They don’t look at the charts. They don’t look at liquidity levels.
They may see profits but not realize them. Take those dang profits and move your stop loss into the profit zone to lock gains in.
Just as fast as crypto can pump… it can dump.
Again this is scalp / short timeframe trading. Not long term DCA.
And as this trade is getting ready to take profits you have your next trade (a short) ready to play out!
