DOGE pump and dump / is this a start of alt season?
1000
OK, so we all saw this pump and dump manipulation by whales - typically lot of news at twitter to catch ppl emotions and start fomo buying - If u want to be succsefull trader, u should avoid emotions otherwise u will lose your previous gains and end it up with loss and head full of stress
What happened basically - price went parabolic - parabolic move is not healthly move in trading = as fast it went up that fast it will go down again
Price broke 58-62 area which was previous resistance and did another 40% to 86 (total 300%+) - another resistance...till we are under 62, we might not see another pump - but it all depends on whales
Green area is another Support which should hold for another move up. It is hard to say if this will go up or needs some time for rebreath -i dont like pump and dumps - hard to predicts anything ....basically it's from hero to zero very often sadly
And now i would like to guess few thought in YOUR HEAD during this pump
- institutionals twitter accounts are posting only about DOGE - MOON - USDto DOGE and other bullsh.. (in fact they need you to fomo because they will sell to you their big bags of coins at great price - thanks to twitter hype and FOMO - dont be stupid they bought it weeks ago, not now) - moon lambo - great it can go to 200 sat - it is still going up - ok should i sell i see first red candles on minute chart - oh no it is still going up, i am safe - wtf is happening is it dropping now? should i sell at 80? - oh no it is at 60 now i am sad that i didnt sell it at 74 - ok selling now at 55, good profits - oh sh..it is going back up, 65 lets buy it with market buy - nooo it dropped again to 52 and i am in loss:( - my profits are gone, what should i do now - emotions, emotions, emotions, feeling bad etc
I am here to help you so we can discuss it in comments if u want
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.