We know that the main culprit for bank break is FOMO, and at the wrong moment, we go ahead and buy out of emotion. And that's what happened with $TRUMP
People bought at $60 and now it is worth a mere $9.
To help this group, I put a chart below to understand how we will apply, and of course, with a lot of awareness, a strategy that is a villain but if well applied will help us reduce the loss.
LET'S AVERAGE DOWN
TRUMP can reach around 14 dollars, and now is the time we will try to reduce the damage for those who bought at 60 or more.
TRUMP since its birth as a memecoin generated FOMO for being a coin of President Trump. Created by him, in fact. But over the months it proved to be weak and lost value.
It fell from 77 at its peak to 9 dollars (currently). And that was frustrating.
Best Entry Bought: $8.75 to $9.05 (Consider buying at least double the amount of cash you invested in the coin)
Note that you should buy when a trigger happens, an inverted hammer at the bottom.
Set your STOPLOSS in the zone of $8.00 to $8.40
Set your TAKEPROFIT (WITH ALL TRUMP) between $12.75 and $14.00
And get rid of it and your loss.
Remember this is not a recommendation, YOU ARE RESPONSIBLE for your capital; it is just a study of probabilities.
GOLD ADVICE - Don't enter just because everyone else is. Evaluate!
