Remember that time I was interested in a coin, but the internal market had already started running. Due to lack of psychological preparation, I chased the high and got trapped, ending up with only 8k. I was planning to wait for a suitable entry point, but it suddenly surged, and I was filled with regret.
Later, I shared some trading insights with everyone in the community. When playing BSC chain meme coins, it's especially important to pay attention to the moment when the price shoots from the internal market to the external market. Usually, the second candlestick will show a pullback, which seems risky but is often a good opportunity to buy in. Why? Because this pullback filters out a lot of panic selling, and the subsequent rebound is often quite strong.
Of course, this trick isn't foolproof, but the probability is on our side. The key is to have patience and not be scared out by fluctuations.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
4
Repost
Share
Comment
0/400
GmGnSleeper
· 1h ago
I remember chasing the 8k, haha, I was emotionally affected at the time. But this move does have some merit; I tried the retracement on the second candlestick, and the probability was pretty good. The key is not to be greedy— the more it drops, the more you want to sell.
View OriginalReply0
GateUser-75ee51e7
· 01-11 09:45
Haha, it's the fear of being chased high again.
To be honest, I also tried to catch the second wave of the K-line correction. Sometimes you can really catch the bottom, but more often you get stopped by uncertainty.
Just wait. Anyway, there are plenty of crypto anxiety sufferers, so I'm not the only one.
This panic selling caused by the recent correction is an opportunity for us.
The worst thing is to lack patience; as soon as there's a fluctuation, the mentality explodes.
View OriginalReply0
PanicSeller
· 01-11 09:41
I've fallen into the trap of the second candlestick's pullback. You are absolutely right; the key is really patience.
View OriginalReply0
ShitcoinArbitrageur
· 01-11 09:38
The lesson of chasing highs, I also experienced something similar at 8k... But the second candlestick pattern did catch a few good rebounds indeed.
Don't be scared out by the volatility—this saying is true, it's really a game that tests your mentality.
Remember that time I was interested in a coin, but the internal market had already started running. Due to lack of psychological preparation, I chased the high and got trapped, ending up with only 8k. I was planning to wait for a suitable entry point, but it suddenly surged, and I was filled with regret.
Later, I shared some trading insights with everyone in the community. When playing BSC chain meme coins, it's especially important to pay attention to the moment when the price shoots from the internal market to the external market. Usually, the second candlestick will show a pullback, which seems risky but is often a good opportunity to buy in. Why? Because this pullback filters out a lot of panic selling, and the subsequent rebound is often quite strong.
Of course, this trick isn't foolproof, but the probability is on our side. The key is to have patience and not be scared out by fluctuations.