Have You Ever "Chased Colors" Because You Believed in This Candle?
Looking at this chart $WLFI , many of you might find it familiar. It is the repeating scenario of many new coins.
When it first hits the market, it creates a "magical" green candle, looking like a rocket launch. You think: "Oh no, I've missed the boat!"
Right? Someone has made a fortune. Your heart races, you just want to jump in immediately so you don't miss out. So you buy.
But then, what happens?
A long, big red candle "crashes" down. It sweeps away all your hopes, dragging the price down to the bottom, even lower than the price you bought.
How do you feel? Confused, regretful, and maybe even angry.
The truth is: That first green candle was just the "magic trick" of the market maker. They push the price up to create FOMO (fear of missing out) and lure in newcomers. And as soon as you "jump" in, they start unloading.
This chart is not a tale of those who made money, but a story of those who lost money because they did not understand how this game works.
Don't let emotions overpower reason. Learn how to read charts, learn to spot these traps.
Next time you see a new coin with a "magical" chart, ask yourself: "Is this a trap?".
Remember, the market is not always fair. But if you are wise, you can turn risks into opportunities.
Have you ever experienced this feeling? Share your story!