Sometimes when a coin pumps hard and starts to dump, novice will panic sell due to fear or other reasons, while the whales will buy up the dump and mop it all and then pump it even harder.... So don't always panic sell, be in control of your emotions, although it isn't easy, but with practice you will perfect and master it.......Every new trade is a journey and a new destination...... Always dyor
What do you think about this circumstance ? am i overthinking this ? share your views.
It is necessary to think about situations like this, so as not to panic when the coins start to be pumped hard, initially all coins will be pumped but at a certain time it will stabilize by itself, if we don't have a view of this incident, panic will spread, so the coins we buy will be released quickly. the price is cheap, so there is no benefit from buying the coin, therefore it is necessary to study every decision we take, so as not to experience losses in the future.
Whales are very hard to work with, they are killjoy and they are selfish. It's tough to play catch and ride as they can easily manipulate the directions. If you panic under some circumstances, then you will lose your chance. The best practice is to keep your eyes open and make sure that your guard is always up.
Set your target according to your understanding, both buy and sell position needs to come from your research. Failure to do the process will lead you to lose your money when artificial dumped takes place and the selling pressures are stronger than the buy support from the market.