Don't let the red candles frighten us

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Greetings dear friends of the Leo Finance community, today I want to give you some recommendations in these moments where we can see a market that is with red candles due to different factors that sometimes makes the market go up and sometimes makes the market go down.

This should not scare us, on the contrary we should see it as a determining moment to buy and increase our cryptoassets capital, remember that the cryptocurrency market is not so to speak stable as it keeps going up and down and that is where we must take advantage of those lapses of rise and we must also learn to take advantage of those lapses of fall.

Screen capture where I monitor the market (TradingView)

When working in the cryptocurrency market, we also tend to work with the psychological part which is what we know as trading psychology where we must handle it with great caution, Sometimes when we see that the market makes a small downward movement we get carried away by that feeling of insecurity and many sell at a loss which is a serious mistake is why my best advice is not to get carried away by the emotional fluctuations in trading and try to see the advantage of all scenarios that is to say as well as we see advantage to the market when it is at high prices we must see the advantage of the market when it is at low prices to increase our capital.

Working in the cryptocurrency market is also to create awareness that we must begin to apply those qualities that often make us a little difficult as it is to have patience, because we can have a bear market for a few months as we can also have a bull market for months, then the recommendation is that we learn to manage the use of our emotions in the cryptocurrency market.

Image Source

Also another advice I could give you is to see the world of cryptoassets as a future project I think it is a mistake when we have cryptocurrencies or buy for example today to think that tomorrow we will sell and we will be millionaires from one day to another, this is why we must visualize it as a financial project that in the future could ensure or improve our economic lifestyle.

I have always considered that when the market is in a bearish trend sometimes it is even better that it lasts a downward time because when the market rises commonly are few days that lasts a bull market even can be hours or may be a day but it is more common to see a down market for a longer period of time than a bull market for a longer period of time, What this means is that if we have a bear market for a long time is an excellent time to increase the capital of cryptoassets to take advantage of those small lapses of rise and there yes take good profits, but the main thing and my personal advice is to worry more about increasing our capital than wanting to get profits from one day to another.

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Credits:

• Source of cover background image

• Welcome banner, thank you banner were designed by me in Photoshop Cs6 graphic design software.

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