Trading the News Event

Title: "Buy the Rumor, Sell the News": A Classic Crypto Playbook 📰

Major network upgrades, partnership announcements, or ETF news can cause massive volatility. But the price action isn't always what you'd expect.

Scenario: The Ethereum Dencun Upgrade was highly anticipated. In the weeks leading up to it, the price of $ETH saw a strong rally. Many new buyers jumped in on the day of the upgrade, expecting another huge pump.

The Reality: Often, the price consolidates or even dips after the event is official. This is the "sell the news" phenomenon. Big players who bought the "rumor" weeks earlier use the hype of the official news to sell their positions to retail buyers.

Lesson: The best time to position for a known event is often well before it happens. Be cautious buying into the peak hype of an announcement.

#Ethereum #ETH #TradingTips #CryptoNews #MarketPsychology

Coin Pair: $ETH /USDT