Why can the price of a coin change during a sharp increase? đ€
So, did you notice that the coin suddenly started falling during a sharp rise? đ§ Don't panic! Let's figure it out together.
First you need to check the entire cryptocurrency market. Suddenly there is a massive outflow of capital? If yes, then wait for a correction. Prices will return to previous levels as soon as the panic subsides. đŠ
If there is no mass outflow, it means that large players have begun to take profits. Here's what's happening: the big guys in the crypto world saw that their profits had reached the required percentage, and decided to dump their coins to lock in the income. đ°
So what to do next? Hold the coin for medium-term growth. Over the next 24 hours, inertia may work in your favor. đ
So, friends, don't be alarmed. Cryptocurrency is a roller coaster ride, but knowing these tricks can help you stay ahead. đ