Let us worry about your trading while you can focus on your life.May-13-2021 02:36:28 AM
Traders love volatility. Volatility moves prices, creating trading opportunities and is usually accompanied with more volume. Markets with little volatility are considered boring and not profitable, and very possibly more illiquid. Also, when the price is more volatile, it’s also less likely to range, thereby creating more room for trending positions (ie. up or down a certain direction, rather than sideways).
The great volatility in cryptocurrencies is very possibly the factor that has attracted so many investors and has, no doubt, driven their price to very high levels in such a small time frame. Be warned, volatility is also known to blow up stop-losses too early, leaving traders out of potentially profitable trades while trading a trend. That's why they are often considered as a double-edged sword.
With this kind of knowledge in the back of our head, we are well prepared to face any trading situation. Let us worry about your trading while you can focus on your life.