If you're still chasing pumps like this after they already ran 60 percent, stop now.
Traders keep FOMO buying these spikes and getting wrecked on the way down. Missing the low at 0.0379 and entering near 0.0618 is a painful lesson too many learn.
$WAL just went from 0.0379 to 0.0643 over twenty four hours and sits at 0.0618, a 62.8 percent gain. That kind of action always splits the room.
Bulls point to the strength and think $WAL could keep running if $BTC stays stable. Bears say this is overbought and a dump is coming as profit taking hits.
My view is the bears have a point. Without more context this looks like a move that traps late buyers. $ETH has seen similar spikes fade lately.
Where do you think this $WAL rally goes from here?
#Crypto #Altcoins #Trading
Traders keep FOMO buying these spikes and getting wrecked on the way down. Missing the low at 0.0379 and entering near 0.0618 is a painful lesson too many learn.
$WAL just went from 0.0379 to 0.0643 over twenty four hours and sits at 0.0618, a 62.8 percent gain. That kind of action always splits the room.
Bulls point to the strength and think $WAL could keep running if $BTC stays stable. Bears say this is overbought and a dump is coming as profit taking hits.
My view is the bears have a point. Without more context this looks like a move that traps late buyers. $ETH has seen similar spikes fade lately.
Where do you think this $WAL rally goes from here?
#Crypto #Altcoins #Trading