Leveraging automated trading tools can be a game-changer in the volatile crypto market

cointelegraph.com:

At the end of October, Bitcoin (BTC) managed to break above a strong resistance level and continued to rise, reaching the psychological level of $35,000, the highest in about 16 months.

This is good news for active crypto traders, who have been waiting for such a long-awaited bull run since the end of 2021. However, this doesn’t mean trading will be easier from now. In general, the crypto market has been harsh during the last few years, with the “crypto winter” slashing over $1 trillion of crypto value and the market forming horizontal channels that lasted for months.

Source: TradingView

Today, active crypto traders face many challenges, which are more pronounced compared to trading fiat currencies, stocks, or commodities.

One challenge is volatility. The crypto market is still immature and can move unexpectedly, making trading difficult.

Another challenge is complexity. The crypto market constantly evolves, and there is always something new to learn. For example, crypto holders are now being encouraged to explore decentralized finance (DeFi) opportunities, enjoy better performance on layer-2s, or move their crypto assets between different blockchains.

Finally, security issues and price manipulation are also challenges for crypto traders. Many small-cap altcoins have signs of being risky or fraudulent from the start, and it can be difficult to detect these issues. You have to develop many skills, such as research skills, risk management skills, and technical analysis skills, in order to stay away from vulnerable tokens.

Crypto traders trying to achieve everything themselves can be in a losing position today. Thanks to genuine automated trading tools, they can make the job look much easier.

These automated trading tools don’t