Gold is down, silver is down, Bitcoin is down too.
This indicates that the market is currently in a state of fear and extreme liquidity needs, where investors are selling all assets regardless of their safe haven status. In such conditions, if using low leverage, it is still possible to hold on because volatility is usually temporary and the market needs time to regroup its direction.
However, for those using high leverage, exiting positions is the wisest decision, as panic phases and mass liquidations often move brutally and irrationally, thus holding on with high risk turns into gambling, not strategy.
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