This is the reason why:
The cryptocurrency market is incredibly erratic and volatile. Because of the wide range of factors that might affect prices, it is challenging to make firm predictions about their future fluctuations.
Future outcomes are not predicted by past performance: It is not a given that a certain tactic or signal will be effective in the future just because it did so in the past.
There are many scams and false information sources: High returns with low risk are regularly promised by numerous people and organizations, but these are frequently frauds intended to take advantage of unskilled traders.
I advise adopting a more cautious strategy for cryptocurrency trading as opposed to depending on perhaps erroneous signals:
Become knowledgeable about risk management techniques, technical analysis, and fundamental analysis. Libraries and the internet both provide a wealth of materials.
Start small: Don’t use leverage, which can increase gains or losses, and only invest money you can afford to lose.
Create a trading strategy of your own: Make a plan that specifies your entry and exit locations, stop-loss limits, and position sizing based on your research and risk tolerance.
Spread out your investments: Avoid placing all of your eggs in one basket. Invest in a variety of cryptocurrencies as well as other asset classes.
Remain disciplined and patient; wealth won’t come easily. It takes time, effort, and emotional restraint to trade well.