Cannon SommerJan 13, 2022 · 3 years ago5 answersWhat are some strategies to protect yourself from losses during a dead cat bounce in the crypto market? 🛡️💸
In the volatile world of cryptocurrency, dead cat bounces can catch investors off guard and lead to significant losses. A dead cat bounce refers to a temporary price recovery after a sharp decline, which often lures investors into thinking that the market is rebounding. However, the price eventually falls again, causing further losses. What are some effective strategies that can help protect investors from losses during a dead cat bounce in the crypto market?
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