Thinking of fomoing into BICO or TUT?
Yes those massive green candles might be tempting.
But chasing a pump can turn into buying the exit liquidity for early buyers.
$BICO A sharp move following new futures listings can bring heavy leverage and aggressive profit-taking.
$TUT A 100% pluy rally after exchange listings can attract serious FOMO but listing pumps can reverse just as quickly.
The lesson is this...Don't chase acceleration.
If the move is real, let the market pull back, then establish support, and show buyers are still willing to defend the level.
Sometimes the best trade is simply not chasing the candle.
#BinanceSquare
#BICO
#dyor
Yes those massive green candles might be tempting.
But chasing a pump can turn into buying the exit liquidity for early buyers.
$BICO A sharp move following new futures listings can bring heavy leverage and aggressive profit-taking.
$TUT A 100% pluy rally after exchange listings can attract serious FOMO but listing pumps can reverse just as quickly.
The lesson is this...Don't chase acceleration.
If the move is real, let the market pull back, then establish support, and show buyers are still willing to defend the level.
Sometimes the best trade is simply not chasing the candle.
#BinanceSquare
#BICO
#dyor