$NEIRO How Whales Can Exploit Your Weaknesses in the Market
1. Constant Complaints Lead to Losses
When you keep complaining about a coin’s performance, whales will avoid pumping it. Instead, they wait for you to get desperate and sell at a loss. This allows them to buy at a lower price, only to pump it later. You’ll then buy back at a higher price, and the cycle repeats.
2. Limit Orders and Resistance Levels
If you set a sell limit order, whales know where the average price is for most traders. This price acts as a resistance level, and whales will manipulate the market to keep it below your target. They’ll push the price up and down to wear you down, eventually forcing you to sell at a loss when you get frustrated or impatient.
The Best Advice for You
1. Remove Your Sell Limit Orders
Without a set price, there’s no strong resistance level for whales to exploit. They won’t know your target, and you won’t be as vulnerable to price manipulation.
2. Stop Watching the Charts
Constantly staring at the price can make you anxious and frustrated. Instead, set a price alert for your target and only check the market when the notification goes off. This way, you can avoid emotional decision-making and stick to your strategy.