Over the past two days, BSC has been really hard to play. The washouts have been so brutal that it’s hard to tell whether it’s a rinse (stop hunt) or a true zero.
Let me give two examples:
Yesterday’s plaything—rabbit doll. Looking at the 1k chart: after it shot, it dropped straight to below 10k. Then it gradually rose—starting from 250k, it washed down to 40k. After that, it took off again to 700k.
This kind of chart only suits a “pick up trash” style. If it drops to 10k and you’re the first wave to enter, once it hits 10k, who can really hold it? You don’t know whether it’s truly going to zero or just getting washed out.
And then bGuy—after the first wave at 120k, it washed down to 20k, then rose again to 190k. If you can’t hold, you really can’t.
I actually like both of these setups, but I ended up losing money and getting out.
How do you trade charts like this? What if it really goes to zero? After all, plenty of “good” coins have ended up at zero.
I need to adjust my strategy. These setups only work for a “pick up trash” approach. For the ones I like, since they haven’t reached the ideal height, when they drop to 10k or 20k, I’ll just pick up a bit for fun.
Have you noticed? BSC has been slowly moving into a branching/divergence phase. Recently, the tokens have been hard to “route”/divert. These recent K-lines also indicate that BSC is gradually entering a two-stage market.
This is a good thing.
Let me give two examples:
Yesterday’s plaything—rabbit doll. Looking at the 1k chart: after it shot, it dropped straight to below 10k. Then it gradually rose—starting from 250k, it washed down to 40k. After that, it took off again to 700k.
This kind of chart only suits a “pick up trash” style. If it drops to 10k and you’re the first wave to enter, once it hits 10k, who can really hold it? You don’t know whether it’s truly going to zero or just getting washed out.
And then bGuy—after the first wave at 120k, it washed down to 20k, then rose again to 190k. If you can’t hold, you really can’t.
I actually like both of these setups, but I ended up losing money and getting out.
How do you trade charts like this? What if it really goes to zero? After all, plenty of “good” coins have ended up at zero.
I need to adjust my strategy. These setups only work for a “pick up trash” approach. For the ones I like, since they haven’t reached the ideal height, when they drop to 10k or 20k, I’ll just pick up a bit for fun.
Have you noticed? BSC has been slowly moving into a branching/divergence phase. Recently, the tokens have been hard to “route”/divert. These recent K-lines also indicate that BSC is gradually entering a two-stage market.
This is a good thing.
