The stock price plummeted right after I bought it, what should I do?
24-hour long order liquidation of US$1.122 billion
Is the bull market over? See you in 4 years?
First, I don't think the bull market is over.
I have two predictions for the current market:
One is the market panic caused by the Powell incident. The market fell quickly and rebounded quickly. In this case, I will hold my position;
Another possibility is that the Powell incident brings the phased correction forward.
When the market enters a correction of more than 2 weeks, I will add to my position at the corresponding point. Let’s take a look at the stage correction points and the appropriate positions for adding to my position.
Judging from the on-chain data, the selling pressure risk has reached a high level. In the selling pressure risk chart (green box), we can see that the callbacks in the previous two cycles were 35% and 25% respectively, and the callback cycles were both greater than 15 days.
An interesting phenomenon is that every time there is a phased callback,
The market price will fall below the realized price of short-term holders, and then the next bull market will begin.
In simple terms, if the market enters a phased correction, the support level or bottom is around 84,000, and I have placed a limit buy order at 84,000.
