I'm really numb, my mentality is a bit broken. 😫
I've been watching $memes 0xf74548802f4c700315f019fde17178b392ee4444 all afternoon.
Actually, I noticed it as early as when those "smart money" addresses started making moves. At the time, I saw some large holders at the top, who seemed like swing traders, and I was thinking of buying on a pullback...
But guess what?! They didn't give me a chance at all!
A huge bullish candle slammed in, not only without a pullback, but the volume kept increasing! 📈
A brief analysis of the logic behind this surge: The sentiment is very strong, and I just checked the blockchain again. Those large holders I was worried about didn't dump their shares; instead, they added to their positions at the high! The current turnover rate is very healthy. After clearing out the weak hands, the selling pressure above is actually lighter than I imagined. This is a typical "strong market maker + strong narrative" model.
Although the current position is a bit high, given the intensity of this narrative surge, it's very likely just the middle of the mountain.
Watching the K-line keep pushing upwards, my hands are really itching to chase it, but I'm afraid of getting stuck with losses...
Any experienced traders here who can advise me? 😭
#MissedOutAndHeartbroken #MEME