Ok ladies & gents,
To some, this recent pull back might look like a repeat of the correction after Elon's candle but it's not.
This is called a sell wall. To newbies, this may look like someone trying to offload a bunch of BTC so they can get out but this is an extremely common tactic seen in both the traditional financial markets as well as cryptocurrency markets. It works particularly well in crypto because volume is so low. The idea is (relatively) simple. Pretend you want to buy a bunch of BTC without pushing the price up too much. You can't buy it all at once so you need to spread it out over time. But hang on, doing that will cause a bunch of green candles in a row and everybody and their mom will jump in on the action so what do you do?
You pretend you're selling a bunch for more than what you want to buy it for. This will scare people into selling at or below your sell wall, allowing you to buy up all their BTC for the price you want. Once you have what you want, you take away the sell wall (prepare for launch) and buy up until people join in (to the moon) . This is what happening literally right now so if you're selling stop. My guess is there will be an announcement soon about another company investing in BTC or an investment bank/hedge fund just got they're trading desk running.
TL;DR – Always buy the dip.