What are some common mistakes to avoid when doing daily trading in the crypto market?

1 answers

• May 06, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, advises traders to avoid relying solely on technical analysis without considering fundamental factors. While technical analysis can provide valuable insights, it's important to also consider the underlying fundamentals of a cryptocurrency project. Traders should assess factors such as the team behind the project, its use case, and market demand. Ignoring fundamental analysis can lead to poor investment decisions based solely on short-term price movements.
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