What is the result of the drop?
Clearing out weak speculators.
People exiting the market at a loss (panic).
A gathering opportunity for the smart long-term investor.
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Where does technical analysis fit into this?
Technical analysis:
Gives probabilities, not certainties.
Does not predict news or manipulation, but:
Identifies support and resistance areas.
Shows you relatively safe entry and exit points.
Helps you understand if the drop has broken strong support or not.
Cannot prevent you from losing if you use leverage without risk management.
