𝐓𝐑𝐁 𝐂𝐫𝐚𝐬𝐡𝐞𝐝 𝟖𝟎% 𝐈𝐧 𝐀 𝐅𝐞𝐰 𝐇𝐨𝐮𝐫𝐬, 𝐖𝐡𝐲 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐓𝐨 𝐏𝐚𝐲 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐓𝐨 𝐈𝐭 👇
♦️ If you have been following me for more than a month, you already know that I strongly advise against using high leverage against manipulative tokens like #TRB.
♦️Yesterday, the price of $TRB pumped from $200 to $280 (+𝟒𝟎% move), then crashed to $230 (- 𝟏𝟖% move), pumped again to $600 ( +𝟏𝟓𝟎% move) and then finally crashed to $160 ( -𝟖𝟎% move).
♦️ During this time, over $𝟔𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 worth of future positions got liquidated, which was even more than that of Bitcoin.
𝐖𝐡𝐲 𝐃𝐢𝐝 𝐈𝐭 𝐏𝐮𝐦𝐩 𝐒𝐨 𝐌𝐮𝐜𝐡?
♦️Retail always loves to retire from crypto in 1 day by taking 100x leverage so that they can make 7-figures in 1 trade 😢
♦️ Little did they know that when a token's majority supply is concentrated in the hands of a few, it's very easy to pump them fast and big.
𝐖𝐡𝐲 𝐃𝐢𝐝 𝐈𝐭 𝐂𝐫𝐚𝐬𝐡? 😱
♦️ Whales are here to make money, and retail is their exit liquidity.
♦️ They will always pump tokens to such an extent that you will start believing that they will not come down.
♦️The same happened with TRB, as people were shorting it all the way from $100 to $550, and then they thought that it was not going to come down.
♦️Then they opened a long position, and we all know what happened next.
📌 Keep 1 thing in mind that this is just a start, and the real bull market has not even arrived yet.
📌 So, don't leverage play if you don't know about the coin; invest in utility tokens and take profits when it pumps hard.
Also, #HappyNewYear to all of you again 🎊
Enjoy your day and spend time with your friends and family ♥️🫶