Don't Chase Pump 💀🙌
Look at $RLC it ripped from $0.35 to $0.58 in a single 4H candle, a +54% move. Right now it's sitting at $0.5560, and that long upper wick tells the story: buyers pushed hard, sellers slammed it back.
The move already happened. Chasing here means buying the top of a vertical candle with your stop-loss sitting miles below on a level that hasn't been tested.
What I look for instead:
Let the candle close and see where it settles.
Wait for a pullback that holds above the EMAs (20/50) — currently at $0.4083 and $0.3775.
Enter only when a new higher low forms, not mid-parabola.
A 54% pump in one candle isn't a setup — it's a liquidity event. The trade was at $0.35. At $0.55, you're the exit liquidity.
Practical takeaway: If you missed the move, you missed it. There's always another setup. Don't turn a missed entry into a bad one.
Look at $RLC it ripped from $0.35 to $0.58 in a single 4H candle, a +54% move. Right now it's sitting at $0.5560, and that long upper wick tells the story: buyers pushed hard, sellers slammed it back.
The move already happened. Chasing here means buying the top of a vertical candle with your stop-loss sitting miles below on a level that hasn't been tested.
What I look for instead:
Let the candle close and see where it settles.
Wait for a pullback that holds above the EMAs (20/50) — currently at $0.4083 and $0.3775.
Enter only when a new higher low forms, not mid-parabola.
A 54% pump in one candle isn't a setup — it's a liquidity event. The trade was at $0.35. At $0.55, you're the exit liquidity.
Practical takeaway: If you missed the move, you missed it. There's always another setup. Don't turn a missed entry into a bad one.
