$FOLKS folksusdt- When emotions take over 📉
Now it has come below all its moving averages, but no one will buy it.
When it was going higher and higher, everyone thought it would reach $100, and everyone was buying it.
That's what FOMO (Fear Of Missing Out) is called.
No matter how high the price is, people are ready to buy crypto. As soon as there is even a little FUD (uncertainty, fear, or doubt), people sell at a loss and exit.
Investing is always risky, especially in the volatile crypto market.
Don't buy at high prices during FOMO, and don't sell at low prices during FUD.
Do your own research (DYOR) and trade wisely.