eggtartcake
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#MarketPullback
Market Pullback - Summary:
Definition:
A temporary price decline in an uptrend.
Characteristics:
Short duration
Occurs in an uptrend
Usually bounces at support/MA
Causes:
Profit-taking
Negative news
Economic data
Opportunities:
Buying entry point when prices are discounted
Identification:
RSI <30
Price to MA20/MA50
Bouncing from support/trendline
Pullback vs Reversal:
Pullback = small correction
Reversal = trend change
Tips:
Use stop loss
Confirm with indicators
Focus on the major trend
Market Pullback - Summary:
Definition:
A temporary price decline in an uptrend.
Characteristics:
Short duration
Occurs in an uptrend
Usually bounces at support/MA
Causes:
Profit-taking
Negative news
Economic data
Opportunities:
Buying entry point when prices are discounted
Identification:
RSI <30
Price to MA20/MA50
Bouncing from support/trendline
Pullback vs Reversal:
Pullback = small correction
Reversal = trend change
Tips:
Use stop loss
Confirm with indicators
Focus on the major trend
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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