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Plan exits at high targets, beware of downside risk in crypto
I agree with the sentiment I had back in 2021 when many coins delivered 30k, 40k, or 50k returns, but I always planned to exit only if we reached 100k. If prices drop to zero, well, that would be the outcome I didn’t expect, but it’s a reminder that risk remains and profits aren’t guaranteed.
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Analysis
The user reflects on a common crypto trading mindset: riding a rally to a predefined exit level (100k) while acknowledging the stark downside risk (price could drop to zero). The implicit assumption i...
Recommendation
Recommendation: Define explicit risk controls and an actionable exit plan. Establish a maximum loss threshold and a trailing target that adapts to market conditions, with clear stop-loss and take-prof...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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