Many peoole are loosing money today because they tried to go long on many tokens , their favorite signal group keep giving them buy signals and they keep getting liquidated.
They do not understand the concept of taking a break and waiting for the right time, itchy fingers love the adrenaline rush that why they remain broke.
No position is a position , sometimes staying out and observing the market is all you need, when you make good profit take a day break, when you lose also take a break, clear your head and return.
I've taken a day break, and giving myself discipline to win and not already go back for more but take the time to observe the market.
Here's why, in real world, arbitrary numbers that are completely whole do not happen frequently when they do, they show a lot of human involvement.
Machines do not pick a top price of 2.6000, only a human can set such a psychological point, the beauty of human intervention with price is, they decide at what price they take profit ,most times prices never go past the those psychological point mostly because much liquidity exited at point.
if you're lucky to pick 2.600 , wont be bad to sell from here.
remember to apply adequate stop loss around 2.8 and also manage your leverage to minimum of 10x.
now we move to next play, remeber I said something about keeping on AI tokens that are surging without core fundamentals, well, I found my pick and I think its time we short it to the ground.
AI tokens like $WLD , $FET ,$AGIX , $RNDR and others are being pumped on speculations that Sam Altman will be returned, and spotlight on AI related projects.
This isn't sustainable and some certain things are OpenAI has investots and shareholders, doesn't matter what the public thinks, shareholders will make best choices, no idea if Sam will return but its highly unlikely, I'm yet to know of any sacked CEO returning based on public outcry.
As an investor this present an opportunity to short tokens that are just flowing with the AI narrative but have no real substance going for them.
Bears are gathering to short this token to the abyss once the bulls soft pedal.
I'm setting entry point at 7.5 But I went it briefly at 7.28 with 20% capital, would add to my shorts if it hits 7.5 , else I'd let this continue to ride just in case.
Degening and Trading has the most risks ,followed by NFT flipping and Yeild farming.
Gamefi,SocialFi, Airdrop and DCA has lower risk.
Now here's the deal, especially for new players with low capital.
Do this and be patient and you wil win...
- Looks for airdrops and actively farm them , most people don't do this, but in a year airdrop farmers make as much as 5,000 to 10,000 on a wallet. When I started out I made 12k$ from both ENS and Op airdrops. There are many airdrops to chase e.g. layerzero, zksync,starknet etc.. that has little capital and big returns.
- Avoid trading and NFT for starters, this can take the little you have, if you have 100$, only risk 10$ for trading nothing more but ifyou can avoid it ,then do so. Also stay away for degening for now.
- DCAing should be your best friend, best way to do this, create a wallet that you will never withdraw token from till 2025 and every single dip buy your favorite token and move then there, i did this for 2yrs ,and every little 10$, I get I move to my.wallet and never withdraw from it till 2021, I grew profit by 50x , investing 5k$ and accumulative over 70k$.
Last week I met a 22 year old crypto investor with well over 250,000$ networth on crypto.
How did he make his money, He said he invested ;
60% on shitcoins 30% on Large caps 20% on trading..
He recently invested in $TIA $GAS $LOOM $ORDI and some other shtcoins
Curious, I asked him how much capital he started with to have made 250,000$ .
he looked at me and said, he pleaded with his dad to sell his inheritance and he was given a total of 2.5million Dollars , he managed to -10x his assets by investing in shts and trading .
They recently launched a gaming anf NFT ecosystem an cake token will likely be used to support the ecoystem.
This is bullish for cake and would increase the cake burning and help fight the inflation.
I've always admired the cake team, in my trade I completely ignored the fundamentals and lost the trade, unlike most traders I hve to take notes of why I lost, so lessons learned here, TA is good but fundamentals are more leading indicator of price movement.
I also need to mention, I got my first cake token at 0.03 and sold 90% at 41$ back in 2021.
I think the gaming market will soon heat up, this may bring some liquidity back into NFTs and gamefi, so you also need to watch out for tokens such as $YGG ,$APE $GALA