How are you all? Hope you are all doing well, Today we will learn what is Fomo? And why we should avoid FOMO! I will try to know all the details today, The full meaning of FOMO is Fear of Missing Out, We will try to know it simply today, In simple terms, if I say Fomo is haste, instability or emotion, Suppose a crypto is in a very good condition in the market, the market cap volume ranking is in a good position in all aspects, Suddenly one day it was seen that this coin crashed, Suppose the value of the coin was 5 dollars and the value of that coin became 1 dollar, now you think that you should buy this coin in such a situation, otherwise you will recover the loss quickly, you cannot be deprived of that profit, and for this a large amount of investment is made on that coin, And in this it is seen that the coin gradually starts going down and at one point you have to suffer a huge amount of loss, Fomo usually happens due to haste or instability, many times it is seen that the market condition is very good, even on various news channels Good information is shared about crypto-currency, right then many people fall victim to FOMO, at that time many people think that Crypto Currency BullRun will start, then they buy crypto in a hurry, Because of FOMO they forget to analyze that coin technically, then it turns out that they suffer a huge loss,

Image collect Pixabay

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In 2022, Luna fell victim to FOMO and invested, traders suffered a huge loss,

So today I will share 4 tips to save from FOMO-

1- Be patient,

don't rush, take a target at a low price, take an entry when it comes down, wait until the position you are in benefits,

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2- Do a technical analysis,

and make a decision by understanding the reality of the market, and after knowing detailed information about the coin, you can buy the coin after some time,

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3- Long Term View,

keep an eye on the coin for a long time, before falling into FOMO, see if this coin is right Are you in a good position at the moment or are you in a bad position,

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4- Do not follow trends,

sometimes various good information is given on social media, only to attract investors, do not go to buy these coins later on Fomo, you should stay away from these coins,

Image collect Pixabay

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I hope everyone understands, this was a warning post, if you have difficulty understanding, everyone will comment, so I am ending here today, everyone be well, Allah- Hafez,