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✍️Market is bad, don't guess the bottom, don't touch the top
I used to only feel like not guessing the bottom, but recently got bored and started touching the top, then got liquidated directly. Fortunately I stopped loss early, otherwise I would have inexplicably lost a big chunk.
🌟Smoke bomb news
Yesterday I saw people in many groups warning about $SIREN 's risks, the top wallet started splitting wallets, then started accelerating etc.
Then I looked at the K-line, it really makes sense, after all it's already at 1B, how could it be played this way.
So I happily went short with the xdm guys.
Then it started to spike, then I felt something was off, so I set a stop loss, finally stopped loss around 1.08.
Just checked the price has spiked up to 1.8, and the funding rate has turned negative from positive.
Can only say this round of manipulation is quite interesting.
🌟Not touching the top = not catching the bottom
For highly controlled positions, pumping and dumping are purely at the discretion of the market maker in a single thought.
How to play purely depends on whether you've caught any fish, then based on long/short situations to play.
It will eventually fall, it will eventually rise, no different from the fact that people will eventually die.
A group member was just asking if $SIREN can be shorted, it's at 1.4B now, every time before it's been a one-shot cut 😭, I replied I just stopped loss, please don't cause secondary injuries.
This kind of thing can't be played, you can only wait for the direction to become clear then chase in.
Whether chasing longs or shorting is "much lower risk coefficient" than catching bottoms and touching tops.
✍️Don't laugh, lessons learned from losing money
All lessons learned from losing money, one small knowledge about losing money every day hey.