A sudden and steep decline without warning often indicates a whale selling off their holdings at market value. This type of sell-off can cause a rapid price drop, but the market usually recovers quickly as it stabilizes.
While buying the dip can be a good strategy, itâs important not to jump in too soon. Chasing a sharp downtrend, or trying to "catch a falling knife," can lead to losses. Instead, be patient and wait for the market to move sideways and consolidate before making your entry. This lowers your risk and provides a clearer sense of the priceâs next move.
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Disclaimer: Contains third-party opinions. Not financial advice. May