1. Complement.
When investors buy at a high level, the fund falls, and some more radical investors can't bear to go out. They can choose the strategy of covering positions, share the cost of positions, reduce risks and wait for the opportunity to close positions by increasing the number of shares held.
2. Clearance or lightening
When investors buy at a high level, the fund falls. Some relatively stable investors can choose to clear their positions, stop losses in time, or lighten their positions, that is, sell some stocks to reduce risks.
In short, different investors have different strategies because of their different investment preferences.