You will miss out on x10 - x20 tokens if you fall into the traps of the market. How to overcome these traps?
1. Liquidity hunting. Liquidity hunting or stoploss scanning is a term used to refer to the fact that Market Makers (MM) pull token prices down to areas where traders have placed many Stoploss orders to liquidate those orders. MM will buy cheap tokens, then push the price up. strong, forcing traders to buy higher priced tokens.
When trading spot, to avoid liquidity hunting you should not pre-set Stoploss with Limit Order, let the price run and wait for candle D1 or higher to close. In addition, placing Stoploss farther away also limits the risk of liquidity sweep. If you are a holder, simply hold the token firmly during this period.
2. FUD. The project team, backer or MM work closely with media companies to post some untrue FUD, causing investors to panic sell. These FUDs are not completely Fake News, there are huge FUDs that can ruin a whole project (eg LUNA & UST).
If you decide to sell tokens because of some news, stay calm and assess the situation. First assess the severity of the FUD, the truth about the FUD, what the potential impact is. If the above factors are not serious enough, you can ignore the FUD and simply hold the token. However, if things are really serious and can strongly affect the entire project in terms of value, legality or security, you can consider selling as soon as possible.
Holding 10x tokens is not rare, but the holding process is certainly not easy. Hopefully the tips we give will help you increase your assets well in the future.
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