I was late selling FTX when the price was still expensive, which was above $ 20, at that time I was optimistic that FTX would recover because of Exchanges support that had a big reputation, unfortunately the price continued to fall and I lost and sold when the price of $ 5, and this was an important lesson that we had to Always observe developments in the market.
The issue is that you could keep watch over the market all the time and you could still lose a lot of money as this kind of crash happens at a speed which is almost out of this world, now it is true this would have reduced your losses but you would still have gotten some important losses anyway, so I think that besides keeping a closer look at our investments we also need to try to avoid centralized coins, because the moment the company behind it collapses the coin will collapse as well.