$XRP: another pump and dump?
Hello fellow traders. This is not an analysis, just a commentary. There is another pump (and dump) happening right now: XRP. Since we are all witnessing what is happening to DOGE (went down hard), I would stay away from XRP. I think the message was sent and high ranked people are talking about regulations and whatnot. However, to me this is starting to turn into a big pump and dump scheme (not that it was not before but now it is more in the open).
One thing that will never change--regardless of ideological motivation--is that people are greedy and they will sell for profit. I see a lot of novice investors repeating "hold DOGE forever" or whatever have you. Dudes, you are losing money and nobody gives a crap. You don't want to be that one holding a bag on the bottom of this mess when it is all over. Smart investors cash out because they know those artificially inflated prices will tumble down hard like there is no tomorrow. I guess if you are one of those savvy ones you are safe. If you are not, I would stay away.
Just My humble opinion. Again, since we are in this space and I have a handful of followers, it seems like a good place to position myself when I see these things. You guys can obviously do whatever you want with your money.
Safe trades!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
One thing that will never change--regardless of ideological motivation--is that people are greedy and they will sell for profit. I see a lot of novice investors repeating "hold DOGE forever" or whatever have you. Dudes, you are losing money and nobody gives a crap. You don't want to be that one holding a bag on the bottom of this mess when it is all over. Smart investors cash out because they know those artificially inflated prices will tumble down hard like there is no tomorrow. I guess if you are one of those savvy ones you are safe. If you are not, I would stay away.
Just My humble opinion. Again, since we are in this space and I have a handful of followers, it seems like a good place to position myself when I see these things. You guys can obviously do whatever you want with your money.
Safe trades!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
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