The 'slow rise and rapid fall' phenomenon of the crypto world usually occurs during the Rebound or pump process in the market. In short, this is the 'Whipsaw' technique commonly used in Bull Markets.


When a coin has risen for several days, the market suddenly experiences a sharp decline, and the gains of the past few days evaporate instantly. At this time, novice investors and those with weaker psychological resilience may panic and sell their chips.
When the price drops to a certain level and stabilizes, the market will slowly rebound. When the price retraces to a new high, more speculative investors will enter the market, and the main funds will once again take the same approach, suddenly causing the price to plummet rapidly. Such a decline is usually fast and short-lived, mainly aimed at shaking out those with weak faith!
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WhatHasBeenRelievedvip
· 01-08 00:24
So can we buy when it drops sharply?
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