✍️Market is bad, don't guess the bottom, don't touch the top


Previously I only felt the need not to guess the bottom, but recently got bored and started touching the top, then got directly hit. Fortunately I stopped loss early, otherwise I would have inexplicably suffered a huge loss again.
🌟Smoke bomb news
Yesterday I saw many people in groups warning about $SIREN 's risks, the top whale wallet started splitting wallets, then started accelerating etc.
Then I looked at the K-line, it really made sense, after all it's already at 1B, how could it move like this.
So I happily shorted along with everyone.
Then it started needle-dipping, then I felt something wasn't quite right, so I set a stop loss, and finally stopped loss around 1.08.
Just checked the price and it's already needle-spiked up to 1.8, and the funding rate turned from positive to negative.
Can only say this round of manipulation was quite interesting.
🌟Not touching the top = not catching the bottom
For highly controlled coins, pulling up and smashing down are purely up to the market maker's whim.
How to play depends purely on whether they hooked fish, then depends on long/short situations to play.
It will eventually fall, it will eventually rise, not much different from people will eventually die.
Just now a group friend was asking if $SIREN can be shorted, it's at 1.4B now, every time before it's been cut 😭, I replied that I just stopped loss, please no second wound.
This kind of thing can't be played, can only wait for direction to show then chase in.
Whether chasing longs or shorting is "much lower risk coefficient" than catching bottoms and touching tops.
✍️Don't laugh, loss-making experience
All experience earned through losses, one money-losing lesson every day.
SIREN142,21%
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