TradeCoinVN_Official
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📉 Why is a Correction a Good Sign?
A correction is for "cooling off" rather than "liquidating stock". Looking at the daily frame, Bitcoin has been continuously rising since mid-April, after hitting the $74K region and bouncing back.
When prices rise quickly, the market will need to "rest" to absorb new buying power and eliminate inexperienced FOMO traders. A correction is also a way for "whales" to play on the psychology of short-term traders, to gather more stock at a good price.
The important thing is that the upward structure has not been broken, and there are no distribution signals, so consider these correction moments as opportunities for those who missed the bottom.
#TradeCoinVN_Official #TradeLesson #Binance
A correction is for "cooling off" rather than "liquidating stock". Looking at the daily frame, Bitcoin has been continuously rising since mid-April, after hitting the $74K region and bouncing back.
When prices rise quickly, the market will need to "rest" to absorb new buying power and eliminate inexperienced FOMO traders. A correction is also a way for "whales" to play on the psychology of short-term traders, to gather more stock at a good price.
The important thing is that the upward structure has not been broken, and there are no distribution signals, so consider these correction moments as opportunities for those who missed the bottom.
#TradeCoinVN_Official #TradeLesson #Binance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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