🤯 $BTC & $ACT: Don't Fall for the FOMO Trap! 🚨
Both $HMSFR (+64%) and $ACT (+23%) have exploded – entering now without a strategy is playing with fire. Most losses happen chasing green candles at the top.
Here’s how to approach this:
✅ **Smarter Entry Options:**
1️⃣ **Wait for a Pullback:** Retrace to previous resistance (now support) or the VWAP/20-50 EMA.
2️⃣ **Break & Retest:** Buy the dip *after* a breakout confirms.
3️⃣ **If You Must Enter Now:** Tiny position size + super tight stop-loss (2-4%). No blind HODLing! 🙅♂️
🚩 **Red Flags:** Long upper wicks, decreasing volume, and rapid spikes without consolidation. See these? Stay on the sidelines.
Bottom line: Spot buying needs confirmation. Momentum traders only – and manage your risk!
#CryptoTrading #TradingStrategy #RiskManagement #FOMO 🚀
