The Red Market today
I am sure that nobody wants to see the market how it is looking today and the colour I'm talking about is red which we can see today. Every coin is red except a very few and of course excluding these stablecoins otherwise, all these big coins are down today with lower or higher percentages. It's a blood bath in the market and a lot of money has been liquidated because of this correction but the question is are you worried about this drop? If not then why non what is your strategy in the market to capitalise on this benefit? If you're worried then what is your strategy going to be in the market for the coming months?
Some people already mentioned that a correction was expected because the prices have gone up nicely and generally when the price goes up faster a correction is much needed to keep a balance. After all, if prices keep on going up then new people will not be coming on board. Now this correction is a good time for those people to enter and also the existing ones to enter more money in the coins that they have been trying and tracking for some time.
If you go by the historical performance of the market then you will figure out that every time the price has gone up in between you have seen multiple corrections also. I don't know how long this correction will be but surely things will not remain the same so if you are someone who has been investing in the market for the bull riding cycle then it is also the time for you to invest more in the same projects if the value is down which can get you more coins and ultimately you will end up making more money in the long term.
So the market is red today but still, it is time for us to take a break from the market for some time however keep an eye on how things are moving and surely in sometime you will see that things are getting better which has been happening multiple times in the market and surely this is not the last time.
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