We lost a lot of money in the past three days on $WIF and here is something interesting
A few days ago the market picked up and we saw some coins doing a lot of big pumps, we saw the frog meme coin -> $PEPE break its previous All time high
Here is how we lost a lot of money on $WIF
Lately we focused on trading WIF alone and we were making a good amount of money trading WIF
Here is the strategy we were using on WIF
We noticed that each time WIF dumps down to
$2.68 - $2.7 it usually picks up and then goes to $3.05 - $3.10
After studying and understanding this pattern, we used it and we were making a reasonable amount of profit
When WIF got to $3.1 we decided to enter a short position to take profit at $2.88 - $2.90 but we ended up hitting our Stop loss when WIF got to $3.2
We lost part of our trading capital
When we saw WIF at $3.25 we felt it was due for a retracement and we wanted to ride it down to $3.0 - $3.1 but unfortunately for us we hit another Stop loss when WIF got to $3.33
This was the second loss we had and at this point we had lost a reasonable amount of money, but one thing we know is if we can get the right entry we would make back everything we lost
The above idea we had was our problem
We spent time analysing WIF and when we saw WIF at $3.5 we felt it was a good time for investors and whales to start taking profits and for a little retracement to happen and once again we entered a short position at $3.5 and set our first take profit to $3.25 - $3.30
For the last Time we hit our Stop loss at $3.7 and it is very heart breaking
If you can spend some minutes to go through this over and over again, you will discover our mistakes and you will learn from It
Please Support us by giving this post a like,Share and a Follow, doing this would help Us grow
Interested in earning above $100 for free,check the post below ⬇️
