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Bro, this is not a recovery

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by COINS NEWS 188 Views

I really can't handle when I hear people say: "Wow what a quick recovery" just because we had our first bounce since the top. I hate to say this, but this is not a recovery (yet).

Markets don't go up only, nor down only. Yes, it was a nice bounce, but with Bitcoin at 43K or even 46k, I wouldn't call that a recovery.

So far it's just a bounce, but it can turn into a recovery. Just don't become excited too fast, and don't fomo in. (Buying is fine, fomo isn't)

Look how many "recoveries" Cardano had. Fakeouts can go as high as 50% or higher. (Cardano went from 1$ to 1.50$, before dumping again)

Please don't become too excited on pumps or scared on dumps, we aren't r/SHIBArmy.

submitted by /u/Wiardv
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