Well, dear crypto enthusiasts and just sympathizers! If you are currently looking at your portfolio and seeing how green arrows turn red and numbers begin to melt like ice cream in the sun in July, don't rush to panic!

"Taking profits" or "Run, Moose, Run!"?

What is happening in the market right now is what crypto enthusiasts call "taking profits." Sounds solid, right? One immediately imagines a guy in an expensive suit, calmly pressing buttons and millions flying into his pocket. In reality, "taking profits" is when someone managed to sell their assets before they fell completely disgracefully. And for everyone else, it looks more like trying to catch a falling knife, but instead of a knife, it turns out to be an entire set of dishes.

‼️Don't panic! This is the most important rule. Selling in panic is exactly what those who are "taking profits" expect from you.