FTX:SHIBUSD is done. Following a discussion on my social media... pumps are not that hard to trade wisely. You just need to find a chair when the music stops and not look back with FOMO to the point of bagholding.
When price action of a pump slows it creates a small range. So long as it does not break the low of that range you are fine to HODL. Breaking that range is the sign to get out. This happens time and time again. Do the homework and look at charts of pumps this year. It is a very effective rule for getting out with optimal profits. You're never going to catch the high... don't try. There may be isolated examples where this rule misses some runs but exceptions should not detract from an effective trading method that works most of the time.
Comentarios
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So following the most recent high price action created my favorite 50% Retracement Level. That was the level it broke when I made this post originally. Now it has come back to retest it. If price follows a classic pattern it will hold the level to go down.
SHIBA is up by more then 300% for the last month and is experiencing a healthy correction. Already it is up by 15% in the last 24 hours and finding strong support at the .00005 level. People were claiming it was going to drop to the .00003 or .00002 level but it did not. I have been with SHIBA for awhile and had I listened to the so called "experts" back in May to sell SHIBA after the pump claiming it was a "dead coin" I would not be sitting on top of healthy profits today.
Best thing is to invest what you can afford to loose and just HODL until you meet your financial goals. And take the advice of these so called experts with a grain of salt especially when it comes to highly volatile assets such as crypto.
FFG2501
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@Yazmos, i agree with you. Crypto assets dont perform like stocks. It takes a completely different mind set to make money in crypto. A gamer mindset as that of my 21 year old son. Take profit when coins pump. Buy back at the bottom. I invested in XRP based on fundamentals still waiting for a return. Wont be surprised if Shib 3x from here. Thats the nature of this game
It's due for a correction but it's holding key support in the golden zone. To much momentum behind a coin that's not even worth a cent to be making early assumptions such as this.
UnknownUnicorn32206912
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Nicely done
War_Z-one
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Failed coin😪
bhattaramit
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This coin is not capable to cross Doge Coin again now.
Best thing is to invest what you can afford to loose and just HODL until you meet your financial goals. And take the advice of these so called experts with a grain of salt especially when it comes to highly volatile assets such as crypto.