$ENA A wise warning!
Yes, be aware that a pump can often be followed by a dump, and it's essential to analyze the market conditions and sentiment before making a trading decision.
When a coin is pumped, it means that the price is rapidly increasing, often driven by hype or market manipulation. However, this can lead to a false sense of security, and the price may suddenly drop, resulting in a dump.
To avoid getting caught in a dump, it's crucial to:
1. Analyze the coin's fundamentals and technical indicators.
2. Look for signs of market manipulation or hype.
3. Set stop-loss orders and limit your position size.
4. Monitor market sentiment and adjust your strategy accordingly.
5. Be prepared for potential price swings and adapt to changing market conditions.
Remember, trading carries risks, and it's essential to stay vigilant and informed to minimize potential losses.