$SAND is down 0.5 percent and sitting right in the middle of its daily range
When you buy a green candle near the peak you are taking the bags from someone who bought lower
Look at the arithmetic on
$SAND today
It already ran to $0.04908 and pulled back to $0.04795 with volume sitting at 0.8x the average
The person selling to you at these prices is locking in their profit from the low
They bought at $0.04690 and they are dumping their shares onto your fresh capital
That is why chasing the top gainer usually leaves you holding the drop
Wait for the price to come to your level instead of paying up for a tired move
What is your strict rule for ignoring a pumping coin
#SAND #TradingTips