Most people use too much emotions and get controlled by the mob and dont controll the mob. Look what happened yesterday... "we get 0.04"....these are the people who always lose money.
The news yesterday was good. The short price rise was expected, and i sold. The news is still no gamechanger for XMR. The coin is so far not even implemented. And he is not going to be stored decentralized there and they could get hacked. Its still nothing compared to Electrum. So guess what will happen. Think like a maschine.
I guess the people that bought above 0.02 was mostly the same people as the ones that sold below 0.011 "i hold long term" → "o shit i sold at 0.01, this sucks". I do consider 0.012 to be a low price but obviously you did the correct decision selling above 0.012, you could have re-bought it 10% cheaper(maybe you did that).
i was close to selling now, i do not really like to hold xmr atm, i dont want to be stuck if the price falls below 0.011 again. I have concluded that the price is likely to spike again(slow increase follow by hysteria) and i still think i will hold.
Another beartrap? dropped to 0.0135 and is now increasing slowly again.