Why is having a strategy essential when trading cryptocurrencies?
 

Why is having a strategy essential when trading cryptocurrencies?

Cryptocurrency markets are highly volatile, with prices capable of rising or falling dramatically in short periods https://midhudsonnews.com/2024/01/28...ptocurrencies/. Without a clear strategy, traders often make emotional decisions that lead to losses. A well-defined plan helps investors manage risk, decide when to enter or exit trades, and stay consistent regardless of market conditions. It also ensures preparedness for both bullish rallies and sharp downturns.