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One big mistake new crypto traders often make is buying when prices are high and selling when prices are low. To avoid this, don’t enter a trade hoping it won’t go against you. A helpful tool is the RSI (Relative Strength Index). If the RSI is above 70, the asset might be too expensive. If it’s below 30, it might be a good time to buy. Also, don’t put all your money into one trade. Good luck!
One big mistake new crypto traders often make is buying when prices are high and selling when prices are low. To avoid this, don’t enter a trade hoping it won’t go against you. A helpful tool is the RSI (Relative Strength Index). If the RSI is above 70, the asset might be too expensive. If it’s below 30, it might be a good time to buy. Also, don’t put all your money into one trade. Good luck!