Chasing pumps and selling dips is the standard move for retail traders.
In late June, they called the storage high point—no one believed it.
Crypto was telling people to get on board for two months; in the group, about 80% of the people probably still haven’t bought in.
ETH surged nearly 20% in one night. After so long of sideways movement, it finally printed a big bullish candle.
If you have no position, there’s no need to chase it on a short-term trade right now—unless you’re long-term capital.
If you have a futures position, you can consider closing some to reduce leverage.
For price increases driven by major events, it’s often a one-wave move. If the rebound is too fierce, you should be more cautious.
$ETH
In late June, they called the storage high point—no one believed it.
Crypto was telling people to get on board for two months; in the group, about 80% of the people probably still haven’t bought in.
ETH surged nearly 20% in one night. After so long of sideways movement, it finally printed a big bullish candle.
If you have no position, there’s no need to chase it on a short-term trade right now—unless you’re long-term capital.
If you have a futures position, you can consider closing some to reduce leverage.
For price increases driven by major events, it’s often a one-wave move. If the rebound is too fierce, you should be more cautious.
$ETH