Qchain (EQC)

Qchain (EQC) is a cryptocurrency that focuses on ideas and predictions about cryptocurrencies. In the midst of the pandemic, where global economies are experiencing unprecedented volatility, Qchain provides a platform for traders to navigate the turbulent crypto market. It emphasizes the importance of having a plan of action and not letting emotions drive decision-making. Qchain encourages traders to remain confident and rely on reputable software to boost their confidence.

When trading Bitcoins during such uncertainties, Qchain suggests employing risk management strategies such as using stop-loss orders to avoid excessive losses. Traders can widen stop distance to account for the high volatility but must be cautious about escalating risks. Leverage is another tool that can be used to maximize returns, but traders should adjust it to accommodate wider price movements. Monitoring news reports is crucial for tracking open positions, and many traders opt to liquidate positions before the day closes due to the challenges of constant monitoring.

Qchain advises traders to lower equity risk by reducing the percentage of account equity risked per trade. It also highlights the importance of using different order types, such as market and limit orders, to protect against volatility and take advantage of multiple market opportunities. Overall, Qchain aims to provide traders with the necessary tools and strategies to navigate the pandemic-induced uncertainties in the crypto market.