GM Twitter Crypto!

You always get Rekt whenever you invest in hyped coins listing on big exchanges?

Here are few things to consider before ape in 🧵

Research the coin:
Before investing in any new coin, it's important to research and understand its fundamentals, including its purpose, team, technology, and community.

Wait for the initial hype to settle:
Many traders make the mistake of investing in new coins as soon as they list on an exchange.

This can be risky, as the price can often be inflated due to the initial hype and excitement surrounding the coin.

Watch the price fluctuations:
Once the coin has listed on the exchange, keep an eye on its price movements for a few hours or even a day or two.

This will give you a better idea of how the market is reacting to the coin and whether it's worth investing in.

Consider market sentiment:

Market sentiment can play a significant role in the success or failure of a new coin.

If the market sentiment is positive, there's a good chance the coin will perform well.

Set stop-loss orders:
To minimize your risk, consider setting stop-loss orders when trading new coins.

This will automatically sell your position if the price drops below a certain level, helping you to limit your losses

Overall, trading new and hyped coins that list on big exchanges can be a great way to make a profit.

However, it's important to do your research, wait for the initial hype to settle, and be cautious when investing.

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