I glanced at $CREAM before my lunch break: 2.10 USDT, up 65.35% in 24 hours. The high was 2.25, the low was 1.22, with 276K in volume. The whole move from 1.22 to 2.25 is honestly pretty wild—the people who managed to catch it were probably waiting around 1.22, not rushing in after seeing it on today’s top gainers list.
Buying at 2.10 now leaves only 7% upside to 2.25, but nearly 72% downside to 1.22. A lot of people focus only on the former and forget the latter. My rule of thumb is to put at most a tenth of my portfolio into a coin that’s surged like this, with my cut-loss level around 1.9. If it really breaks below that, I’ll accept the loss and won’t get emotionally attached. It’s normal to feel envious when you see a 65% gain staring you in the face, but that’s often when you’re most likely to make a mistake.
It reminds me of a time I chased a rally with similar volume. I got in and was immediately left holding the bag at the peak, then had to wait half a month just to break even. I watched the charts every day during those two weeks and could barely eat. So now, when I see a move like $CREAM’s, I’d rather miss out than be the last one to buy. There are opportunities every day; once your capital is gone, it’s really gone. Whether it’s $BTC or $CREAM, staying in the game longer matters more than making a killing quickly.
Buying at 2.10 now leaves only 7% upside to 2.25, but nearly 72% downside to 1.22. A lot of people focus only on the former and forget the latter. My rule of thumb is to put at most a tenth of my portfolio into a coin that’s surged like this, with my cut-loss level around 1.9. If it really breaks below that, I’ll accept the loss and won’t get emotionally attached. It’s normal to feel envious when you see a 65% gain staring you in the face, but that’s often when you’re most likely to make a mistake.
It reminds me of a time I chased a rally with similar volume. I got in and was immediately left holding the bag at the peak, then had to wait half a month just to break even. I watched the charts every day during those two weeks and could barely eat. So now, when I see a move like $CREAM’s, I’d rather miss out than be the last one to buy. There are opportunities every day; once your capital is gone, it’s really gone. Whether it’s $BTC or $CREAM, staying in the game longer matters more than making a killing quickly.