$AUCTION is a clear example of how price manipulation can lead to extreme movements in a matter of seconds. Last month, in
#ORCA I witnessed a strategy employed by the whales that resulted in massive liquidations.
The tactic consisted of executing simultaneous buy and sell orders, creating an illusion of demand. Many newcomers, including myself, entered with the hope of capitalizing on the rise, but in a matter of seconds, the price plummeted. Those who did not close in time saw their capital evaporate, ending up in debt.
This happened to me in
#FUTUROS and that is why I share this advice: "Do not enter leveraged trades if you do not master their dynamics." If what you are looking for is to invest in the long term, "Buy on dips, transfer to a cold wallet, and come back in five years."
For those who wish to speculate, a prudent strategy is to use buy orders at
#STOP on dips and sell at peaks. Learning from mistakes is key in this market. Educate yourselves before trading.