#TradingPsychology When the market is in panic (prices drop sharply), many people sell off out of fear → it is an opportunity to buy at a good price.
When the market is euphoric, everyone pours money in (FOMO) → that is when the risk is high, so consider taking profits.
Application to crypto:
Investor sentiment has a significant impact on price volatility.
Use the Fear & Greed Index to determine reasonable entry/exit points.