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Daily F&G Update: 19
It's been a long time since we've seen this much fear in the market, likely due to last night's volatile price action. Currently, this extreme fear reading of 19 indicates that people are scared to buy any assets on spot. Market makers love to exploit retail traders during these times. I'm fairly certain they'll orchestrate a fake bounce higher in the coming days to turn retail sentiment greedy before trapping them afterward.
For now, expect a short-term bounce in the market. However, this doesn't rule out flash dumps. Stay prepared.