Advice for Traders
⚠️Beware: The current market warns against "buying on the rise"
Analysts currently warn traders against the strategy of "buying on the rise" (chasing rallies). The reason? The average purchase price for investors who entered the market in the past six months is about $103,000.
When the price trades below this average, these investors tend to sell at every small rise to recoup some of their losses, limiting any recovery.
What strategy do you prefer to adopt in this environment: buying or waiting?
