Tried to ride the momentum on $PEPE after seeing a 20% intraday spike. Entered late thinking the hype would continue — but it reversed just after my entry.
What went wrong?
I chased green candles without waiting for confirmation or checking resistance zones. FOMO hit hard, and I ignored my strategy.
What I learned:
Momentum is powerful, but entries without a plan often backfire. PEPE is highly volatile, and trading it without structure is risky.
Next time:
I’ll wait for a proper pullback, stick to my support/resistance strategy, and always manage my position size better.
Every loss is a lesson. This one taught me the importance of patience and process.
