Quote from: BD Crypto on June 20, 2023, 04:22:33 AM

Suppose you are going to start crypto trading and you don't know about technical analysis then how you will manage your trading? Where you will set entry and exit point and the most important thing is that which coin you will choose to trade. Suppose you choosed a scam coin to trade and they failed to pump and you will be in lose automatically. There are a lot of cryptos in the market and all are not potential or a strong project. Also if you buy a good coin but don't have risk management then you will surely can't survive in this volatile market.
So before starting Crypto Trading technical analysis is a must to know. You can learn about it by reading articles from Google or from YouTube.

It is crucial to approach the activity with prudence and a focus on risk management when beginning cryptocurrency trading without any prior expertise of technical analysis. Determining entry and exit points for trades becomes difficult without the capacity to analyse charts and indicators. Alternative tactics should be thought of in this circumstance. One strategy might be to focus on fundamental analysis which entails investigating the cryptocurrency underlying project and assessing its prospects for long term success. The likelihood of making winning trades can be increased by choosing cryptocurrencies with solid fundamentals. To reduce the loss of investing in a single dubious cryptocurrency or a shoddy project it would also be wise to diversify your portfolio among several different cryptocurrencies. Finally navigating the volatility and making wise trading decisions can be aided by regularly monitoring the market staying current with news and developments and getting guidance from reliable sources.

Despite the fact that technical analysis is useful in cryptocurrency trading it is not the only strategy available. With proper planning it is possible to handle trade without relying entirely on technical indications.