Are you confused by MMT's operation this time? A 30-fold rise overnight, the bull run market compressed directly into 12 hours.
This kind of violent pump, let alone retail investors, even institutional shorts are likely to be blown out several rounds of positions. Now that MMT has reached this position, to be honest, it's quite extreme—either there will be a second peak directly heading above $6, or it will collapse directly to the bottom.
Personally, I feel that the trend of this meme coin is too thrilling, and the risk of chasing highs is enormous. If you are already stationed at a high position or have been liquidated, the most important thing now is to control your emotions and not rush to all in to recover losses. There are always opportunities in the market, but once the principal is gone, it’s truly gone.
Remember one thing: better to miss out on getting rich than to be the last batch to take over.
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.
11 Likes
Reward
11
8
Repost
Share
Comment
0/400
GasFeeCrier
· 11-07 05:58
Waa waa, my gas fee.
View OriginalReply0
UncleLiquidation
· 11-06 23:23
Standing guard isn't the problem; the real fear is cutting losses.
View OriginalReply0
SoliditySurvivor
· 11-05 11:01
Rekt two orders, I'm done.
View OriginalReply0
AirdropAutomaton
· 11-05 08:54
Let's settle it, and we'll see each other tomorrow at the market.
View OriginalReply0
EntryPositionAnalyst
· 11-05 08:49
I have already gone numb from increasing the position at noon.
View OriginalReply0
BlockchainWorker
· 11-05 08:47
Want to eat rice and noodles again.
View OriginalReply0
MEV_Whisperer
· 11-05 08:39
The demon jade returns to kismet; lying flat is the true path.
Are you confused by MMT's operation this time? A 30-fold rise overnight, the bull run market compressed directly into 12 hours.
This kind of violent pump, let alone retail investors, even institutional shorts are likely to be blown out several rounds of positions. Now that MMT has reached this position, to be honest, it's quite extreme—either there will be a second peak directly heading above $6, or it will collapse directly to the bottom.
Personally, I feel that the trend of this meme coin is too thrilling, and the risk of chasing highs is enormous. If you are already stationed at a high position or have been liquidated, the most important thing now is to control your emotions and not rush to all in to recover losses. There are always opportunities in the market, but once the principal is gone, it’s truly gone.
Remember one thing: better to miss out on getting rich than to be the last batch to take over.