Many traders face liquidation and quit early due to common mistakes. The first major error is following signals blindly without personal research, analysis, or a clear plan. Copying trades from unverified sources often leads to significant losses. 📉

A recent example highlighted this risk. When $BTC was around 89,000, many anticipated a continuous pump. However, analysis suggested $BTC would only rise to 90,300 before a correction from that level. 🎯

Indeed, $BTC corrected from 90,300, falling below 88,000. This resulted in the liquidation of 55 million in long positions, primarily affecting those who followed unverified hype signals. 💥

Another critical error is failing to book profits or exit trades effectively. Entering late, holding positions greedily, or neglecting partial profit-taking can expose your account to significant liquidation risks from sudden market moves. ⚠️

A significant trap for new traders is entering crypto influenced by those who prioritize selling a lifestyle over genuine trading skills. These influencers often display luxury, promoting unrealistic dreams of overnight millionaire status without sharing verifiable strategies. 🚗🏝️

Sustainable wealth in crypto typically requires knowledge and experience. Without it, relying solely on purchased signals is likely to result in financial losses. 📉💸

Always prioritize learning before attempting to earn. For proper education and strategy, consider PandaTraders. 🧠➡️💰

Don't miss the upcoming live sessions on Binance and YouTube for valuable insights. 🐼💥
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