$SOL The reason why some of us are in huge losses is that we were never guided about how and in which tokens we should invest in! Personally I have been learning a lot and gaining experience as I learn from my mistakes.
The biggest mistake I regret is investing in tokens that have no real world usage, tokens that aren't in the first 20 in market cap rankings.
I traded with excitement on those shit tokens that were currently pumping and guess what, No sooner did i make an entry when they dipped, till now am waiting for some of them to recover.
My advice; Focus on the top ten or 20 tokens in the market cap rankings, those are the real value tokens that will never dip drastically nor will they be delisted.
✍ At the beginning of the month, #DASH went on a super uptrend shooting up impressively to the $150 region before starting a deep correction.
✍ Over the past few days, price has retraced heavily and is now resting right above the EMA 200 on the 4H chart (above $65)— a major long-term support level.
✍ What’s interesting is that DASH has tested this EMA 200 several times without breaking below, holding strong for the last two days.
✍ This zone might be the accumulation area before the next potential move upward.
💡 INDICATORS
✍ RSI sitting around 40 — showing DASH is near oversold territory.
✍ MACD lines are close to crossing, hinting at potential bullish momentum.
✍ Price has stayed steady around $70 despite market weakness.
📊 If this support continues to hold, we could soon witness a Reversal or a strong bounce toward the EMA 25 and 50 zones, that's above $79+ as you can see below on the chart.
⚠️Note;Not financial advice ,just a technical observation!
Stay sharp, monitor the 4H structure, and don’t ignore how strong EMA200 support can be.
I Chased the 200% Meme Pump and Lost 98% of My Capital: A Hard-Earned Lesson for New Crypto Traders
I'm sharing my biggest trading mistake on Binance Square because it’s a trap many newcomers fall into. I started my crypto journey with a fundamental flaw in my thinking that cost me almost everything. ✍ My initial strategy was simple, but fatally flawed: I believed that if Bitcoin (BTC) pumped by 1%, low-cap altcoins would pump by 10%, and meme tokens would skyrocket by 40% to 200%. ✍ I focused all my attention on trading meme tokens (like BOME, DOGS, PNUT, SHIB, and ACT) and other low cap tokens, convinced I would get rich quickly by catching one of those massive pumps. ✍The reality was a financial disaster. ✔The Two-Sided Coin of Volatility ✍When $BTC was pumping 3-4%, I felt validated. But when the inevitable market correction came, the tokens I held—assets with no real utility and low liquidity—collapsed almost instantly. ✍ I held those bags for months, hoping for a recovery. $BTC not only recovered but eventually hit new all-time highs.
✍ My tokens? They remained stagnant, illiquid, and nearly worthless. I sold them for a 98% loss. ✍ This painful experience revealed the two key principles I had ignored: 1. Liquidity and Survival $BTC ✍ When Market Drops #BTC Drops, but retains depth of market. ✍Recovery Potential ✔ HIGH Capital flows back in as the market leader. The Lesson Learned ✔ Safety comes first. Liquidity is your ultimate protection. ✍ #MEME AND #Lowcapcoin ✍ When the market drops; ✔ Collapses completelycompletely, becoming illiquid. ✍ RECOVERY POTENTIAL. ✔ Extremely Low. Hype dies, initial investors sell, and the token is abandoned.
✍ Lesson learned ✔ Risk is permanent. High potential gain means High potential irreversible Losses.
✔ The pump-and-dump cycle of weak tokens is a one-way street for many projects. If you are not an insider or a professional trader exiting before the crash, you become the exit liquidity for those who are. 2. The Failure of Risk Management I did not use stop-loss orders. I allowed a manageable dip to turn into a catastrophic portfolio wipeout. My initial fantasy of a 200% return blinded me to the very real possibility of a 98% loss.i hoped they would recover.
✍ The New Rule: 🙅Never put all your capital into high-risk, speculative assets. Preservation of capital is the first law of trading. 🧠 Analyzing the Shift: Why I Now Focus on BTC
✍ Looking at the $BTC chart (like the one I shared), you can see the difference between a real asset and a speculative gamble. $BTC adheres to tried-and-true Technical Analysis concepts: ✔ Dynamic Support: $BTC respects major Moving Averages (like the EMA 50/100 you see on the chart), which act as strong support and resistance levels. ✍Health Indicators: ✔The RSI (Relative Strength Index) on $BTC is a reliable indicator of momentum, often showing healthy consolidation rather than panic selling. ✔ Meme token charts, by contrast, are often a series of vertical lines (the pump) followed by a sheer cliff (the collapse), rendering traditional technical analysis useless. ✅ My New Strategy: The Path to Sustainable Growth ✍ I took my remaining capital and finally into Bitcoin. I shifted from a gambler's mindset to an investor's mindset. ✍ My focus now is on Dollar-Cost Averaging (DCA) into $BTC . This strategy involves buying fixed dollar amounts of an asset at regular intervals, regardless of the price. But for me I buy whenever it dips.
✍Following DCA at regular intervals completely removes the emotion of trying to "time the market" and ensures I benefit from the long-term, established growth trend of the crypto space's blue chip asset. My final word of advice: ✍Don't let the promise of fast money lure you into the illiquid abyss. ✔ Focus on the core, manage your risk, and build wealth sustainably. ✍What was your most painful or costly lesson in crypto? Share your experience to help others! #CryptoLessons #Write2Earn
✍ At the beginning of the month, #DASH went on a super uptrend shooting up impressively to the $150 region before starting a deep correction.
✍ Over the past few days, price has retraced heavily and is now resting right above the EMA 200 on the 4H chart (above $65)— a major long-term support level.
✍ What’s interesting is that DASH has tested this EMA 200 several times without breaking below, holding strong for the last two days.
✍ This zone might be the accumulation area before the next potential move upward.
💡 INDICATORS
✍ RSI sitting around 40 — showing DASH is near oversold territory.
✍ MACD lines are close to crossing, hinting at potential bullish momentum.
✍ Price has stayed steady around $70 despite market weakness.
📊 If this support continues to hold, we could soon witness a Reversal or a strong bounce toward the EMA 25 and 50 zones, that's above $79+ as you can see below on the chart.
⚠️Note;Not financial advice ,just a technical observation!
Stay sharp, monitor the 4H structure, and don’t ignore how strong EMA200 support can be.
$AVAX and $ENA "Whale Trap" is Real (numerous small Green Candles Wiped Out by One Red!)
I have to talk about the sheer frustration of trading #Avax🔥🔥 and #ENA right now.
I bought Avax at $20+ and ENA at 0.38+ and the price action is a textbook example of how tough this market is on retail traders.
After a continuous downtrend,we spent days grinding higher with small, patient green candles.
✍ We finally broke the important EMA(100) at $18.28 of AVAX a critical technical victory and I thought we were Finally Back 😍🤑🤑
✍ Then, in one 4-hour candle, all that progress was brutally erased.
✍ This single, massive red candle is a classic Bearish Engulfing pattern. It's not just volatility; it is a calculated move to trap and liquidate weaker hands who were trying to ride the rally.
✍.The Real Manipulation: Selling Ahead of the Unlock
✍ Remember,1.67 million AVAX tokens (valued at \approx\$28M) is officially scheduled to unlock and enter the circulating supply on November 13th (just two days from now).And you know what that means, don't you?
✍ We've now dropped back to find support near the EMA(50) at $17.60. If this level breaks, we could easily see the AVAX price slide lower to absorb the new supply coming in.😭😭
✍ What do you think? Is this just bad luck, or are the whales actively using tokenomics and technical levels to shake us out right before a scheduled supply increase?
I told you about the golden crossover which as already happened.
I told you about 3%-5% gains, of coz it had delivered more.
$GIGGLE has been the token of the day. For now it's a bit late to jump in even though it's still seeing its way up, maybe more gains can be made from it.
✍ The FEAR 😨 of going #LONG is costing you money .
✍ We're brainwashed to always think that, A correction, pullback or downtrend is next when a token is in an uptrend.
✍An uptrend can last as far as SHORTS are placed.
✍ Even though a correction is inevitable, but don't guess it. Go LONG.
✍ When going Long or Short is both risky, then avoid it. Cause we know once you place your long entry order, a downtrend will commence for ever and you'll have to wait until the resurrection of the Christ.