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Day 24 of 100: What Is a Market Pullback?
A market pullback is a short-term drop in the price of an asset after a recent upward trend. It's like the market taking a quick "breather" before possibly moving higher again.
Key Points:
Usually a 5–10% dip from recent highs.
Happens in both bull and bear markets.
Not as severe as a correction or crash.
Can be a buying opportunity if the uptrend continues.
Example:
If $BTC rises from $90,000 to $95,000 and then dips to $92,000 before going higher again, that dip is a pullback.
Tip: Traders often use pullbacks to enter trades at better prices or confirm the strength of a trend.
Follow for Day 25 tomorrow: What is Market Correction?
#Day24 #MarketPullback
A market pullback is a short-term drop in the price of an asset after a recent upward trend. It's like the market taking a quick "breather" before possibly moving higher again.
Key Points:
Usually a 5–10% dip from recent highs.
Happens in both bull and bear markets.
Not as severe as a correction or crash.
Can be a buying opportunity if the uptrend continues.
Example:
If $BTC rises from $90,000 to $95,000 and then dips to $92,000 before going higher again, that dip is a pullback.
Tip: Traders often use pullbacks to enter trades at better prices or confirm the strength of a trend.
Follow for Day 25 tomorrow: What is Market Correction?
#Day24 #MarketPullback
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