What a crazy time in the world of cryptocurrency, the market is confusing both buyers and sellers.
Bull trap and Bear trap all in one session this is something very crazy, haven't experienced something like this in a while.
Tough times for crypto!
This is not new anymore. Especially if you are actively trading the market, you will really notice these kinds of price actions and volume. Sometimes on these times, it's better not to trade, as some are eager to open a trade. But with these kinds of market condition right, it's difficult to predict and make money.
You are right, what is happening in the market right now isn’t something new. The market can be unpredictable, and that’s actually we are seeing right now. The best suitable approach? Take a break, otherwise you are putting your trades at a loss, because there won’t be a successful trade if the market alone is not in a stable condition.
For now, it’s better not to trade to avoid future losses, but you can be still consistent with DCA, or just keep hodling your coins, they would be safer that way.