Post
Topic
Board Altcoin Discussion
Re: Could this be a trap?
by
arufox
on 24/11/2023, 08:20:32 UTC
Even though the market is currently looking positive with ETH crossing the $1.9k level, and the market turning green it is hard to predict with great accuracy what will happen next. Moreover, to determine whether this is a bear trap or not, because anything can happen in the crypto market. That's why it's important not only to enter the market on a whim but also with careful analysis and a sound risk management strategy.

ETH I really believe this is an investment that will never die and no doubt even though the price still hasn't exceeded ATH. The market is currently showing signs of recovery, there may be some understandable concerns about a potential bear trap. however if I have noticed, it is very important to approach such situations with caution.

Certainly market indicators, and fundamental analysis, which can help inform decision making.
If you are so sure that the potential increase in the price of ETH will reach a new ATH later, then it is time for you to buy at the current price and then hold it until the ATH arrives in time. Opportunities will not be repeated twice, therefore, use the opportunity you have to invest so that you don't miss the opportunity to reap maximum profits later.