THE DANGERS OF CHASING PUMPS.đđ
In the realm of the crypto world there's always a tendency of jumping on pumping coins thinking that you can easily get quick enormous profits by jumping on the bandwagon. I was there and I lost so much funds always picking up coins in the "Gainers" column on the exchange dashboard. Truthfully, all the times I did this I ended up becoming exit liquidity for those who bought early enough before I could know it and being a spot trader I ended up holding up tokens but in losses after having bought the top by chasing pumps.
Invest time and study performance history of favorite cryptos for a 24hrs, 1 week, 30 days etc and identify the coins that are currently in accumulation mode. With proper individual analysis of these coins coupled with considering the prevailing uncertainties like macroeconomic factors and market sentiments you can easily position yourself for the upcoming pump in case some of your coins start rising. You will then start dumping on the latecomers. Currently, there maybe people who are jumping on FLOKI just being driven by emotions and revenge trading and then end up getting disappointed once it doesn't keep rising but start falling instead. Anyway am not saying that FLOKI can't continue rising but in my opinion I think now FLOKI's performance is rewarding those who bought early enough when it was down after making proper analysis and research.
REMEMBER!!! In crypto, nothing beats doing your own research.
