Important update and explanation of what is happening in the market
To know the right step to take in such corrections, we have to look at some indicators to clarify what is really happening. Is it the end of the bull market, so we exit the market with the profits we have made? Or are we in a healthy routine correction to prepare for a stronger rise, so we stay so as not to lose our entry points?
First, let us know that the biggest mistake that most people make is exactly what is happening now. When the market declines and sees red candles, you find that everyone is talking about exiting and stopping losses, and pictures of losses and liquidation in futures contracts spread, and pessimism is extinguished. When you see the rise and green candles, you find that everyone is asking about entering, and pictures and articles of enthusiasm and going to the moon and other things spread, and optimism and greed are extinguished as if the market will rise forever.