In every coin and project, the wave 2 dip is what shakes the most people out. Typically you see a correction of 50% but generally, a true wave 2 goes lower to 60-70+%. This is based on sentiment and FUD. Time and time again, this holds true for just about every stock, investment, coin, asset, etc,
Every coin and NFT project has its own story and reasons why this happens. But if you believe this project can survive wave2, then wave 3 lies ahead and diamond hands are rewarded.
Chart patterns exists because (like it or not), human behavior and emotions have a pattern. The fear, doubt and uncertainty you are feeling in the strategy coins like
$PNKSTR and
$APESTR or whatever project is real. You are nervous over something. And similarly, you felt the euphoria and limitless possibility while we were riding high at wave 1 peak.
Now ask yourself, when you were riding high in wave 1, did you expect this drastic wave 2 in
$PNKSTR and other coins?
Now..with all the FUD in the world, ask yourself, do you expect a wave 3?