$WIF This one has me seriously confused again. According to Binance’s real-time data, there were 370M USDT worth of trades in the past 24 hours—among dog coins, it’s the most aggressive. That morning the needle dropped; I placed a take-trade at 2.3, but it came up short by just a couple cents—I didn’t get filled and got completely left behind. Later when it pumped, I didn’t dare chase either; in this kind of market, chasing is basically handing your money over.
The Fear & Greed Index is 62—slightly greedy, but not extreme. Altcoins still have a chance. But I’ll be honest: the recent wins I’ve had were all because I waited. The losses were all because I got impatient and couldn’t help myself. Yesterday that $SOL false breakout—I chased long, set my stop loss at 148, and then I got swept by the wick only for it to bounce back right after. I’ve taken losses like this countless times, but it still doesn’t teach me a lesson.
Right now WIF at this position is pretty awkward. On the 4-hour timeframe, the moving averages are stuck together, and direction is unclear. If it breaks down below 2.1 with increased volume, I’ll short one batch as a test. If it holds above 2.5, then I’d actually consider going long. $XRP over there also seems to have some unusual movement—there’s some news regarding the Ripple lawsuit, but I’m not touching it. If I can’t make sense of something, I don’t play with it.
Brothers, remember: don’t try to reason with the market. If it slaps your left cheek, you shouldn’t stick out your right cheek too—but don’t extend your cheeks and then add more positions. I made that mistake yesterday. My stop loss was originally set properly; once it dropped 1%, I thought about averaging down to pull my average price up. Ended up averaging in right on the halfway slope.
Now I’m just putting in a stop order at 2.0, and going to sleep. This market is tiring to watch—might as well wait until tomorrow morning to see how it turns out. You can’t make money forever, but you can absolutely lose it all. Click $WI
The Fear & Greed Index is 62—slightly greedy, but not extreme. Altcoins still have a chance. But I’ll be honest: the recent wins I’ve had were all because I waited. The losses were all because I got impatient and couldn’t help myself. Yesterday that $SOL false breakout—I chased long, set my stop loss at 148, and then I got swept by the wick only for it to bounce back right after. I’ve taken losses like this countless times, but it still doesn’t teach me a lesson.
Right now WIF at this position is pretty awkward. On the 4-hour timeframe, the moving averages are stuck together, and direction is unclear. If it breaks down below 2.1 with increased volume, I’ll short one batch as a test. If it holds above 2.5, then I’d actually consider going long. $XRP over there also seems to have some unusual movement—there’s some news regarding the Ripple lawsuit, but I’m not touching it. If I can’t make sense of something, I don’t play with it.
Brothers, remember: don’t try to reason with the market. If it slaps your left cheek, you shouldn’t stick out your right cheek too—but don’t extend your cheeks and then add more positions. I made that mistake yesterday. My stop loss was originally set properly; once it dropped 1%, I thought about averaging down to pull my average price up. Ended up averaging in right on the halfway slope.
Now I’m just putting in a stop order at 2.0, and going to sleep. This market is tiring to watch—might as well wait until tomorrow morning to see how it turns out. You can’t make money forever, but you can absolutely lose it all. Click $WI
