Post
Topic
Board Speculation (Altcoins)
Re: Market seems in correction mood
by
tsaroz
on 07/06/2024, 23:42:40 UTC
That was natural OP cause now we can see these dumps are already recovered and altcoins already raised up alone with Bitcoin. So don't be panic or don't sell your share what you have hold for upcoming bull season.rather correction market provides opportunity to buy more altcoins with discount price. So you should follow it. And It is very normal for crypto insutry to pump and dump continuously. Its also provides opportunity for traders for DCA and making profit.
Market corrections give us the opportunity to increase the assets we own and can also be a starting point for short trades, so we have to be calm and be able to take advantage of the market situation, don't panic easily so that we avoid anxiety. I am trying to apply the current DCA method at the right time interval by utilizing price movements in the market to add assets

The OP might have been talking about a previous correction while we have seen another large one yesterday. So, it can be said that its normal to have some correction after a larger price hike. It prepares the base for another bull run creating large layers of resistance. It's bad for investors who are liquidated though. I got my Solana and Bome investment liquidated by a very moment of price crash.
If you have USD in hand, it's a good time to DCA and a good time to start a leverage trading. The crash don't guarantee a future price rise as there still could be another correction but the chances of that would be low.