A SUDDEN AND SERIOUS MOVEMENT MAY COME DOWN OR UP. WHY?
Btc has been rocking like a cradle in the 50-70 thousand band for a long time. It is obvious that long and short transactions are liquidated in these movements that develop in both directions. However, this period does not seem to be like the decline that started in 2021 and left millions of people inside. It fell, fell and will fall even more, while we are suddenly faced with a sudden rise in the morning. As far as I observe, this market will continue speculatively for a while with the frequent service of good and bad news. Maybe we will see another serious and deep decline. But we should not forget that every decline will definitely have a rise. If an investor wants to avoid losing their money in declines, I recommend using stop loss. Since I am personally a buy-and-forget investor, I have never used that option. For beginners, if the declines continue (which I do not think they will), they can enter a stop loss order in order not to experience great morale. I am still in favor of protecting what I have and not getting rid of the asset. Because I may not be able to buy it again in a sudden rise.
Finally, if there is a sudden rise and then a further rise, the most logical move would be to take profit and get out of the asset. We should determine when and where to get out, not with the suggestions of others, but with our own research and predictions.
These are notes to myself. They are not investment advice.
O #link will come here. Target three digits first...
Buy, wait, believe
