@noonishbunnie
Effective risk management in cryptocurrency involves setting clear boundaries on how much you’re willing to lose and diversifying your investments to spread the risk. Use stop-loss orders to minimize potential losses from market dips, and consider allocating a portion of your portfolio to stablecoins or less volatile assets for balance. Regularly rebalance your portfolio based on market trends, and avoid investing money you can't afford to lose. Emotional decision-making can be dangerous in such a volatile market, so sticking to a predefined strategy is key to protecting your investment.
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