Nadia Sohail

Cryptocurrency trading has become an important part of the modern digital economy. Unlike traditional markets, the crypto market operates 24/7 and offers opportunities for traders around the world. Trading in cryptocurrency is needed for several reasons, including liquidity, price discovery, and profit generation.
One major need for crypto trading is liquidity. Traders actively buying and selling cryptocurrencies ensure that the market remains liquid. High liquidity allows investors to enter and exit positions easily without causing large price fluctuations. Without traders, the crypto market would be slow, unstable, and unreliable.
Crypto trading also plays a key role in price discovery. Prices of cryptocurrencies change based on supply, demand, news, and market sentiment. Traders analyze charts, data, and trends to decide when to buy or sell. Their collective actions help determine the fair market value of digital assets.
Another important reason for crypto trading is profit opportunities. Due to high volatility, crypto markets offer chances to earn profits through short-term and long-term trading strategies. Traders take calculated risks to benefit from price movements while helping the market stay active and efficient.
Trading in crypto also supports innovation and adoption. Active markets attract investors, developers, and institutions. This leads to more funding for blockchain projects, better technology, and wider acceptance of cryptocurrencies as a legitimate financial system.
In conclusion, crypto trading is essential for maintaining market liquidity, discovering prices, enabling profit opportunities, and supporting the growth of the crypto ecosystem. Without traders, the cryptocurrency market would lack stability, efficiency, and progress.#Write2Earn $BTC

Personally, when I open a trade, I do not place a stop loss immediately. Within the first 5–7 minutes after taking a position, it usually becomes clear whether the market is respecting our entry level and planning to reverse, or whether we have entered on a weak support.
If a reversal appears and the market changes direction and starts moving upward, then in that case you should move the stop loss to the entry level. Otherwise, wait. If the support seems to be breaking, then as soon as the price comes back near your entry level, close the position.
To avoid slippage and fees, if your entry is at 120 and the market is moving upward, shift the stop loss to 120.10. And if support appears to be breaking, even then try to manually exit around 120.10.
Now, if someone says that you entered at 120 and the market never came back to 120, then this is 100% confirmation that your entry was not at a bottom level. It was not a planned entry. You simply took a random shot in the air.
However, if an extremely unlucky situation occurs where your entry was correct in every way, yet a sudden crash happens that respects neither support nor resistance, then in such a case, press the flash close button and exit the trade by booking a small loss.#TradingCommunity #Write2Earn $BNB