#MarketPullback
๐ Market Pullback: What Does It Mean?
The market canโt just move up โ periodic pullbacks are a natural part of any trend. This is a short-term decline in price after an increase, which often allows:
โ investors to enter the market at better prices
โ traders to find points to re-enter the trend
โ the market to โcool downโ after a rapid increase
๐ก It is important to distinguish between a pullback and a trend reversal. If the decline is temporary and confirmed by support, it is a pullback, not a change in global direction.
๐ The key to success is technical analysis, support/resistance levels, and risk control.