Strategies for trading cryptocurrency during a correction, explained
A correction refers to a rapid price decrease, which traders can use to their advantage with the assistance of cryptocurrency trading bots.
Although the definition for a correction differs, it is most often used to describe a rapid decrease in an asset’s price, usually at least 10% and up to 20%. If an asset falls more than that, the price dip is classified as a market crash.
Corrections are often the result of a minor event, such as low trading volumes or other technical factors….