$FOLKS: A Critical Crypto Chart Lesson š
The $FOLKS chart offers a timeless lesson for crypto traders. It experienced an impressive 11x surge over 36 days, steadily building momentum and drawing in FOMO. Yet, in a stark contrast, most of those significant gains vanished within just 5 candles, approximately 5 days.
This scenario highlights a familiar pattern in crypto markets:
* Upward moves often unfold slowly and convincingly.
* Downward corrections, however, are typically swift and unforgiving. š
The core lesson is profoundly simple but vital for sustained success:
* Markets inherently reward true patience.
* Conversely, they sternly punish complacency.
* Always remember: Unrealized profit is not actual profit. ā ļø
Charts are transparent; it's often when prices are soaring that traders neglect to listen to their signals. Stay disciplined and vigilant.
