LUMIA has surged today, +56%, current price 0.128, with trading volume of 5 million U. According to real-time Binance data, this volume is considered active among non-mainstream coins. I placed a breakout order around 0.09 this morning, entered at 0.095, stop loss at 0.082, and just reduced half my position at 0.125. I’ll see whether the remaining half can test 0.14; if it breaks through, I’ll exit and won’t get greedy.
This market is interesting: LUMIA is surging upward, while PYR, WTC, and PHB are all plunging. PYR -57%, WTC -56%, PHB -54% — it’s literally a world of ice and fire. Altcoins are basically a game of speculation now; don’t touch the low-volume ones, because once they get dumped, you won’t even have a chance to run. ACA is also weak; without funds paying attention, it just drifts lower.
To be honest, I lost on this trade last week too. I chased at 0.11 and got stopped out at 0.088; I was pretty embarrassed. Today I’ve basically made back the loss from last time. The key is just one thing: don’t use too much position size, and you must set a stop loss. Altcoins can turn on you faster than flipping a page.
If you want to follow along, keep an eye on the chart yourself, $LUMIA $PYR $WTC click in to look at the candlesticks, and don’t rush in blindly. The above is only my personal opinion and does not constitute investment advice.
This market is interesting: LUMIA is surging upward, while PYR, WTC, and PHB are all plunging. PYR -57%, WTC -56%, PHB -54% — it’s literally a world of ice and fire. Altcoins are basically a game of speculation now; don’t touch the low-volume ones, because once they get dumped, you won’t even have a chance to run. ACA is also weak; without funds paying attention, it just drifts lower.
To be honest, I lost on this trade last week too. I chased at 0.11 and got stopped out at 0.088; I was pretty embarrassed. Today I’ve basically made back the loss from last time. The key is just one thing: don’t use too much position size, and you must set a stop loss. Altcoins can turn on you faster than flipping a page.
If you want to follow along, keep an eye on the chart yourself, $LUMIA $PYR $WTC click in to look at the candlesticks, and don’t rush in blindly. The above is only my personal opinion and does not constitute investment advice.