What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.
We are on Bearish market without a sign of reversal. So it's normal that price will go sideways to the known support and resistance which is the 30k and 40k respectively. There is no major news neither good nor bad that's why the price can't reach the confirmation point for the trend. It's better to scalp or short trade right now since the ATR is quite stable per day though.
good advice from you. I am also implementing short-term trading for now. , because I also have not heard any good news so far . So I decided to just trade short term . While waiting and continuing to monitor the development of which coins are good. My advice is just be patient. Don't panic and don't sell all your assets when you lose.
Easy to say but when you are already on the situation then its not something that you can easily just do because emotion would really be a big hindrance for you on making such action and this is why we do see lots of people whom do really commit out mistakes.
Short term trading is much really that ideal but not all would have the skills and capability in doing so this is why majority had opt in on doing long term hodling instead rather than on risking themselves on trading actively if they dont know actually on what theyre doing.
Bearish run or red market is a bit common and this is one of the biggest challenges that we would really be facing off once we do deal with this market.