Trader Ansem: Advises Avoiding Leveraged Bottom-Fishing During Accelerated Selling

TechFlow news, November 13: According to a post by trader Ansem, the market is entering an accelerated sell-off phase. He advises against attempting leveraged bottom-fishing, noting that this approach may lead to liquidations far more often than successful bottoms.

He believes that after a bottom forms, traders are likely to get another buying opportunity near the same low after some time, making waiting more appropriate. He recommends reassessing after liquidations occur, or placing spot buy orders at desired prices using reserved cash.

Source: TechFlow