ENA doubled in just over a month—one pre-positioned whale made 776%.
Put the two numbers together: what you should be most wary of isn’t how violently it’s risen, but how different the entry positions are.
The whale’s cost is far below the low—it was already sitting in there; pushing the 776% to the forefront via news doesn’t mean you’re being offered the same position. Trading volume is $138 million, with $73.77 million open—leverage has already been stacked. The high was 0.18994; now it’s 0.16—those who entered near the high are already eating the pullback.
Don’t use someone else’s returns to bolster your own confidence. A 776% safety cushion and the cost of chasing at 0.16 aren’t the same game.
Put the two numbers together: what you should be most wary of isn’t how violently it’s risen, but how different the entry positions are.
The whale’s cost is far below the low—it was already sitting in there; pushing the 776% to the forefront via news doesn’t mean you’re being offered the same position. Trading volume is $138 million, with $73.77 million open—leverage has already been stacked. The high was 0.18994; now it’s 0.16—those who entered near the high are already eating the pullback.
Don’t use someone else’s returns to bolster your own confidence. A 776% safety cushion and the cost of chasing at 0.16 aren’t the same game.