🚨 A Lesson on #FOMO 🚨
Here’s a cautionary tale of why you should never chase rising prices:
• 3 days ago, a trader bought 390.8k $1 for 6 $SOL ($1,390). He quickly flipped them for $2,323 $USDC and 3.86 $SOL ($893), pocketing a small profit.
• Encouraged by the hype, he re-entered on the 27th, buying 3.22M $1 by selling his $USDC, $SOL, $CHILLGUY, and $MICHI, totaling $237K. Little does he know, he is buying the top candle.
• Just 45 minutes ago, the trader sold 1.5M $1 for 61.49 $SOL, worth only $14,814. Currently, he holds 1.2M $1 which is worth $17,823.
Right now, he’s staring at a painful loss of $202k.
📉 The takeaway? Don’t let #FOMO guide your trades - it can cost you more than you think.
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CjeBRyWfpjGo9KSo2erb2hihGiYordjnt876BK5QgoWb
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