Crypto Veterans in the crypto world all know a term called “pullback.” Many Newbies get scared and miss gains when they see the price going down, but this is actually the dumbest move.
What is a pullback? To put it simply: after a period of rising, the price retracts a bit, which is exactly the same as in stocks and futures; it's a standard feature of all markets.
Why is there a pullback?
Profit-taking crash (smart money cashing out at high positions)
Market sentiment cools down (FOMO has faded)
Macro events impact (such as policies, economic data)
But this is exactly the opportunity!
Real profitable traders are not afraid of pullbacks; instead, they add to their positions during pullbacks. Why? Because the bottom of a pullback is often the cheapest entry point.
Looking at the historical market, you will understand: BTC rose from 10,000 to 60,000, experiencing countless pullbacks of 20% to 30%, but ultimately reached a new high. Each pullback is a window for low-position accumulation.
The support level hasn't been broken: Bulls are still holding on.
Short pullback period (1-2 weeks): Indicates that there is still strength ahead.
Overall, a pullback is not a disaster; it is a process of market self-adjustment. Those who incur losses are the ones who are scared out. The real Crypto Veterans are the ones who increase their positions when others are in panic.
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The pullback has come, don't panic - this is actually a signal to make money.
Crypto Veterans in the crypto world all know a term called “pullback.” Many Newbies get scared and miss gains when they see the price going down, but this is actually the dumbest move.
What is a pullback? To put it simply: after a period of rising, the price retracts a bit, which is exactly the same as in stocks and futures; it's a standard feature of all markets.
Why is there a pullback?
But this is exactly the opportunity!
Real profitable traders are not afraid of pullbacks; instead, they add to their positions during pullbacks. Why? Because the bottom of a pullback is often the cheapest entry point.
Looking at the historical market, you will understand: BTC rose from 10,000 to 60,000, experiencing countless pullbacks of 20% to 30%, but ultimately reached a new high. Each pullback is a window for low-position accumulation.
How to determine if a pullback is healthy?
Overall, a pullback is not a disaster; it is a process of market self-adjustment. Those who incur losses are the ones who are scared out. The real Crypto Veterans are the ones who increase their positions when others are in panic.