Leverage is another scam I have noticed with some of the coins. entered this trade with 4x leverage , entry @ 0.157 but liquidation @ 0.198. That's 4x leverage , imagine higher leverage
#alpine Crypto trading is not only about mind game but psychological game. Alpine moved from $0.5 to $12. Wondering how many people would have entered liquidation
#COAIUSD must have liquidated so many people . Fixated mindset is what mostly cause that. You can we the direction at which the coin is going , if you can't follow it, wait till it get to it's destination before placing order
#XPIN is a deliberate scam. What precisely is the essence of going that long up from the circled chart below when it will be coming down straight . It could have gone up small and go to wherever it feels like instead of going that long. Bad trade
Take profits , stop loss, stay on low leverage . With that, you will stop loosing unnecessary . The long stick going opposite direction of your trade could wipe hours of profits away
#FUSDT Imagine if this long stick was against you, whatever profits you might have made would be wiped or reduced drastically . That's why it's advisable to be on low leverage. I was about entering short and poom, the long tick, missed but pity those who it might be against
#MYX is the biggest scam currently in crypto currency . Thank goodness I only lost a token like 2 days ago and never go back. Whether you go for long or short, one long stick would wipe all your profits In just few mins. I have been reading from people complaining bitterly on how they lost their money with the coin
My observations from 2 years of trading crypto currency . Before entering any market , make sure you know the direction at which the coin is going .
If it's going up, wait till red line finish it's movement , you can make your entering below the MA's likewise if it's coming down.
There is no certainty about the direction which the market is going , remember manipulating is part of be cryptocurrency .
Always take profits and reenter the trade, quarter is better than nothing .
Emotions don't work with crypto currency , if the market is going other direction , stop loss and wait for it to get to it's destination before entering
Fixated mindset like a coin must go down or up would make you to be loosing money steadily , remember , no certainty .
3x leverage might too low but it's the best working for me as it would be hard to enter liquidation . The higher your leverage , the more you profits and at the same time loss
Thr long stick with quick movement would eventually liquidate your trade. Whether you go short or long. The coin is a pure scam
GreenBull07
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$MYX coin must be investigated. The exchanges have crossed every limit and are fully complicit in this scam. The SEC remains silent while they loot people openly. This goes beyond fraud it’s outright theft.
My trick Today Monday is very simple . #MYX liquidated me severally over the weekend , Work up with liquidated order. I just gave up about the coin and look for new launched coin when thee volume is still at 50m +. There movement is easy. Either they go up or down . I saw #Open and took the advantage . It went up reasonable which I took profits severally . Now it's coming down, at least it will get down reasonable . Hoping to make more profits from it .
#MYX It's not the investors that pumped this coin but just manipulating by the owners of hr coins. From 0.4 straight to $5 without even any 5% dropping . just went up straight . Never use important money o.trafe any coins . entered the liquidation with ridiculous amount. No hard feelings
Normally in crypto trading , the circled movement should be a drop down but I have seen that severally with #MYX . They just want people to enter liquidation . The going up is just deliberate