Hi
I entered a trade today and bought ALGO. The price broke from a triangle pattern but within 5 mins of entering the trade the price began to fall. Did I enter the trade too early after breakout ? I have added the chart below:
Thousands of traders face such problems every day. They arise from incorrect technical analysis, from deceptive insider information, from their own conjectures and unjustified hopes. Imagine what would happen if every trader would be to write about similar deals here.
it will always happen not in accordance with the original expectations when you predict that it can happen in every trade, so actually it is a common thing to happen because of wrong analysis or there is a game going on in the market they control. surely there will be problems that will occur that many people will be spectacular with the analysis that occurs, indeed you have to believe what you are going to do, maybe it will hit your heart more.
One way or another, the market has been pumping up a lot lately and you need to carefully approach the choice of profitable investments when there is more than 70 and 80% confidence. In any case, if you invest your funds in a certain coin for a longer period, then a slight decrease in price after purchase may not have a huge value.