TROY holders, gather around and listen!
I know you are all wondering: "What's wrong with TROY? Why did it rise so high and then fall?" Come, let me tell you.
Why did TROY collapse?
To put it bluntly, it rose too fast! This kind of thing is very common in the cryptocurrency industry. When TROY rose, everyone was jealous, afraid of missing the opportunity to make money, and rushed in. As a result, the price rose sharply, but it rose too fast, and problems arose.
What happened?
Overbought! Too many people rushed to buy, and the price soared. But this is all an illusion, and it was hyped up by everyone. Once this momentum passes, the price will have to fall back.
FOMO kills people! Seeing that the price rose so fast, many people were anxious, afraid of missing out, and hurried to buy. As a result, they often bought at the highest point, and lost a lot of money when the price fell back.
What are the consequences?
Friends who bought TROY at a high price must be heartbroken. But don't be discouraged, this is too common in altcoins. Prices are like a roller coaster, ups and downs.
Friends who bought early may have made a lot of money and stopped when they saw the profit. Friends who bought late may have to suffer a little loss.
How to avoid this in the future?
Don't be led by FOMO! Don't rush to buy when you see the price rise. Wait until it falls back and the price stabilizes before considering buying.
Do your homework! Don't just listen to what others say, you have to do your own research. Look at the fundamentals of this coin, the market value, and why it will rise.
Set the buying and selling points! Think about when to sell before buying, don't be swayed by emotions. Leave when you make money, don't be greedy.
To sum up, the TROY incident is a typical example. If it rises too fast and has no stamina, it will have to fall back.
When it comes to trading, you need to be patient and have strategies. Don't let FOMO hurt you, patience and strategy are the way to make money!
In the next layout direction, I will lead everyone to aim at the profit opportunities of cottages, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!