When does a Red Market doesn't mean you should buy a crypto?

[Fidelia]

The principle of crypto has always worked on Buy Now and Sell Later. And generally, people buy when the market is red to sell when it is green in crypto. But I want to know if it is every time that a token shows red that it is an indicator to buy?

When should you wait and not buy even if a popular crypto shows red?

 

[King Belieal]

If the red indicator is because of a negative news, there is no need to be to buy as the price is likely to further decline.

 

[Suba]

Of course not, red crypto is not always an indicator to buy crypto, we also have to measure technically whether the price will continue to fall or stop at a certain level. One simple indicator to sell/buy crypto is using the exponential moving average (EMA).

 

[Fidelia]

Of course not, red crypto is not always an indicator to buy crypto, we also have to measure technically whether the price will continue to fall or stop at a certain level. One simple indicator to sell/buy crypto is using the exponential moving average (EMA).

I agree with you. The knee jerk theory that some people were taught is that you just buy crypto when there is a red indicator. There are many cryptos that went red and have stayed red for so long a time.