Last night's pump on SPK was a feast for many and a nightmare for just as many.
I noticed that many were itching to short around 0.054. Blogger Danta (CryptoDanta) mentioned in an internal analysis: When the long momentum with 75X leverage hasn't fully released, any blind top-sitting behavior is just giving money to the market.
Danta's practical trading philosophy:
Stop-loss is the bottom line: Even with a +619% position, I had a retreat plan set up before entering.
Avoid frequent trades: After entering at 0.05259, I stayed silent until profits multiplied by 6 times.
In the crypto space, surviving longer is more important than making quick profits. If you're still struggling with why you keep losing, maybe it's time to check out how CryptoDanta controls human weaknesses.
