Penguin logoPenguin TradingFind value beyond consensus
← Crypto News

Trader Ansem: Advises against using leverage to buy the dip during an accelerated sell-off.

According to TechFlow, on November 13, trader Ansem stated that the market is entering an accelerated sell-off phase. He advised against using leverage to buy the dip, noting that such strategies typically result in far more liquidations than successful bottom-catching trades.

He emphasized that after the bottom forms, traders will likely have another opportunity to buy near the same low point after some time, making patience more advisable. He suggested waiting for liquidations to occur before reassessing, or using reserved cash to place spot buy orders at target price levels.