FOLKS is hovering around 17. I haven't dared to rush into a short position, thinking I'll wait until it hits 20 before taking action. But the problem is, watching it consolidate here, I'm also afraid it might suddenly surge. After experiencing the wild moves of JELLY, Banana, and TNS, and getting liquidated, I'm becoming more cautious. I always set stop-losses on my short positions, and I didn't dare to participate in the PIPP rally either. Recently, this altcoin has suddenly appeared again. On the surface, it looks like a good opportunity to short at a high level, but let me tell you, you can't just act so simply. Altcoins don't have a true top; the recent surge of several coins that seemed to revive and then broke new highs shows what—choosing the right timing to build a position must be cautious, and proper position management is key to survival. Greed will cost you, managing your positions well is more important than anything else.
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TrustlessMaximalist
· 4h ago
Really, I now have to tread carefully when dealing with altcoins, and that wave of JELLY really scared me.
Stop-loss is the only way to stay alive; greed can really be deadly.
Shorting sounds simple, but these scam coins have no bottom line and could resurrect at any time.
Sideways trading is the most annoying. If you wait, it suddenly takes off; if you act, you're afraid of getting caught in a trap.
Position management sounds easy but is hard to do. I'm now testing with small amounts, and my mindset is much more relaxed.
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ContractFreelancer
· 12-13 21:46
To be honest, this wave of market movement is really frightening. Seeing you get liquidated makes me understand that sense of despair. FOLKS, this thing just loves to take off the moment you open a short position. I'm trembling now too; I'd rather miss out than lose again.
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PoetryOnChain
· 12-13 21:40
Oh no, Jelly's move scared me. Now I want to cut losses first before looking at anything else.
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Deconstructionist
· 12-13 21:40
Honestly, looking at your journey, I really feel the same way... I also got hit during that JELLY wave, and now I've developed a habit—when I see consolidation, I get itchy but don't dare to act. That feeling is truly unparalleled.
FOLKS is hovering around 17. I haven't dared to rush into a short position, thinking I'll wait until it hits 20 before taking action. But the problem is, watching it consolidate here, I'm also afraid it might suddenly surge. After experiencing the wild moves of JELLY, Banana, and TNS, and getting liquidated, I'm becoming more cautious. I always set stop-losses on my short positions, and I didn't dare to participate in the PIPP rally either. Recently, this altcoin has suddenly appeared again. On the surface, it looks like a good opportunity to short at a high level, but let me tell you, you can't just act so simply. Altcoins don't have a true top; the recent surge of several coins that seemed to revive and then broke new highs shows what—choosing the right timing to build a position must be cautious, and proper position management is key to survival. Greed will cost you, managing your positions well is more important than anything else.