A Crypto Fear & Greed Index of 74 (Greed) suggests that the market sentiment is currently optimistic and investors are actively buying. Here's what it could mean for you:
Implications:
Bullish Momentum: Prices may be rising due to positive sentiment.
Risk of Correction: High greed can often precede a market pullback or correction.
#FOMO Alert: Many investors may be buying due to fear of missing out, which can inflate prices temporarily.
What You Can Do:
Caution: Avoid making impulsive investments solely based on hype.
Take Profits: If you've already made gains, consider securing profits.
Plan Entries: If you're planning to invest, it might be better to wait for a dip.