Pump, Pump… You Long? 💩☠️ Dump, Dump… You Short? 💩☠️
It’s tempting, isn’t it? The market pumps, and you feel it’s now or never! So, you long at the top, like jumping onto a treadmill set at max speed—and then it flings you off. Or the market dumps, panic spreads, and you short right before the bounce, like diving into a pool only to realize there’s no water.
Here’s the hard truth: chasing moves like this is a fast track to losses. Why? Because by the time a move catches your attention, it’s often already over. Smart money is taking profits while you’re diving in headfirst.
The right approach? Wait for the pullback. After a pump, don’t FOMO into a trade—let the market cool off. Look for a corrective move to the golden pocket (61.8%-78.6% Fibonacci retracement) with volume confirmation. If the trend continues, then you enter. Same with dumps—wait for the bounce, check for volume and structure before taking a position.
For example, if BTC pumps from $30k to $33k, wait for it to retrace to $31.5k or $31k. If the volume supports a trend continuation, that’s where you long. Otherwise, avoid the trade—it’s not worth the risk.
The market always gives opportunities, but only for those who are patient. Timing is everything. Protect your capital. Don’t trade out of FOMO. Let the setup come to you.
Happy trading!
