Tell me why everyone is afraid of a correction!
1. Everyone’s average holding cost is very high. They are all at the bottom and dare not place heavy positions. They cover their positions while rising. The cost goes up, and they lose money when there is a correction.
2. A sense of psychological panic, especially if you have a heavy position in contracts, or if you carry orders into a heavy position.
3. If there is a correction of 94, 312, or 519 levels, I am afraid that the bull market will end.
4. The currency in hand has not risen yet, the mentality is shaken by the negative fall, and the pin is inserted to cause collapse.
5. There is no continuous funds to cover the position.
First of all, I would like to say that pullbacks are the natural recipe for a crypto bull market!
Every pullback is a once-in-a-lifetime opportunity to get on board!
Those who have money can cover their positions, and those who don’t have money can wait for the price to rise again. You are afraid of losing the spot!
Now every one of us has a greedy desire, greedy for the rapid growth of our own profits, extravagantly expecting ourselves to reach high points, and then catch every pullback!
You still don’t understand the market. People who think this way have basically been thrown off the cart by the ruthless trend of the big pie.
Therefore, those who can cover their positions embrace the correction, and those who have no money to cover their positions are not afraid of the correction. The spot bull market can come back. If you don’t mess around and protect the chips in your hand, you will be ahead of more than 99% of the swing players in this market!
