On the morning of February 9, the crypto market turned red. Bitcoin, Ether, and most altcoins fell in price (even the hyped AI tokens). But why did this happen? Experts at 001k.Trade called this event expected and not the last. Let’s find out what led to this decline and what traders should do.
Yes, traders say that pullbacks/corrections are a normal trend phenomenon while Market Makers are jacking up the price. But globally, it remains more logical to work on longs now.
“We don’t like the fact that Market Makers are really pushing altcoins into super-highs right now. As if with their last breath, trying to cause people to FOMO
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The first impulse is down, but it is often followed by the second one, and there is still a lot of uncollected liquidity from below. How should I act in such circumstances? Here are three tips from 001k.Trade.
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