Have you ever heard 'don't catch the falling knife' it's pret | Pro Analysis

Have you ever heard "don't catch the falling knife" it's pretty good advise! It's important to be patient and really wait for the price to bottom out before buying. Buying into a market with extreme downside momentum can be very dangerous. Mutch like trying to catch a real falling knife. Instead of trying to catch a falling knife, traders should be looking for a confirmation of a trend reversal. Keeping an eye on the RSI(relative strength index) for signs of a stronger uptrend would be ideal.

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