In the cryptocurrency world, there is often 'slow rise, rapid fall'. What usually happens next?
In the crypto space, it is common to see 'slow rise and sudden fall'. This situation often occurs during a rebound or mid-rise. To put it simply, this is an old trick used in bull markets to shake out investors.
When a coin has finally risen for a few days, suddenly there’s a big drop, erasing days of gains in just one day. As a result, newcomers and those who can't handle it get scared and sell their holdings.
Once the price drops to a certain level and stabilizes, it begins to rise slowly again. When the stock price adjusts to a new high and reaches a certain height, more people jump on the bandwagon, and the main funds employ the same tactic, suddenly hitting the brakes during the rise. This type of drop is fast, short-lived, and the market can fall by 5%-10% within a few days; sometimes it can drop as much as 15%-20%. But don't worry, it usually stabilizes near important support lines.
For the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those projects with high potential, where an expected growth of more than 10 times is not a problem. If you want to make big money in a bull market, like and leave a comment, and I will help you plan for the entire bull market!