Topic: Your reaction to recent pump and then dump - page 9. (Read 869 times)
It is quite frustrating if we encounter pump and dump especially if youre just starting dealing in trading in the market we dont know how to manage the market prices youre into.
I don't think is a pump and dump activity, the market cant keep going up for hours, it needs to retrace and find new support or resistance levels and build up for the next level. If you were expecting the price to keep going up and land at $1k, the retracement might be epic as well. Don't judge the market yet it is still trying to recover from the long bear run.
This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?
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