Edgar_io
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How whales can exploit your weaknesses in the market
1. Constant complaints lead to losses
When you constantly complain about the performance of a coin, whales avoid pumping it. Instead, they wait until you become desperate and sell at a loss. This allows them to buy at a lower price, and then pump it. After that, you will buy again at a higher price, and the cycle repeats.
2. Limit orders and resistance levels
If you set a limit sell order, whales know what 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 will raise and lower the price to wear you out, ultimately forcing you to sell at a loss when you get frustrated or impatient.
Best advice for you
1. Remove your limit sell orders
Without a set price, whales won't have a strong resistance level to exploit. They won’t know your target, and you won’t be as vulnerable to price manipulation.
2. Stop watching the charts
Constantly watching the price.
1. Constant complaints lead to losses
When you constantly complain about the performance of a coin, whales avoid pumping it. Instead, they wait until you become desperate and sell at a loss. This allows them to buy at a lower price, and then pump it. After that, you will buy again at a higher price, and the cycle repeats.
2. Limit orders and resistance levels
If you set a limit sell order, whales know what 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 will raise and lower the price to wear you out, ultimately forcing you to sell at a loss when you get frustrated or impatient.
Best advice for you
1. Remove your limit sell orders
Without a set price, whales won't have a strong resistance level to exploit. They won’t know your target, and you won’t be as vulnerable to price manipulation.
2. Stop watching the charts
Constantly watching the price.