1. People that are able to define the next big thing gets in first.
2. Secondly the open minded starts accumulating.
3. Then we have the apes fomo whatever people starts talking about. The price doesn't matter.
4. Price goes up fast and the missooors engaging with fuds without any benefits for others. If the fud is true, the business dies and many will lose their money. If not, they will lose too as the price is also able to go down fast because of low liquidity. So there are no winners except their competitors.
5. Time is going to show if all the fud was right or false. If false, the price will hold at some point, never breaks below and starts going up slowly. In the mean time many big holders capitulated and tokens are being distributed more fairly which will cause a sustainable uptrend next time.
If the project dies, it wont go further than stage 5.
6. There are trends and short term narratives. The casino thing has a potential to become a trend. How many people talked about RLB in the past few months? How many are going to talk about it in the future?
7. The company revenue is growing only and starts rewarding the users or token holders.
8. Everyone knows about the project and is also easy to buy. Price went up a lot compared with before
9. Early buyers starts taking partial profits on the way up
10. The thanks for playing tweet.
Don't want to make it too long but you get the point. It's most of the times the same roadmap for alts. In this case I'm talking about $RLB but it's the same for many alts that made some noise in the past. Sad to see but some even died after a bullcycle.
We are now at stage 5. I can't wait to say thanks for playing on this one
I had not posted a full setup this time but said if price holds on the channel trendline it can go for the highs
Price was basically near invalidation so of course I scalp longed it for a nice move up
Looking to get swing short soon but I'm going outside with fam. See y'all later
$MATIC Ive got short positioning running from 1.34 I added more this morning at 1.25's
First time this year I've opted to look for a swing short on Matic Poly Gone.
@_FPLFox Playing grealish over rashford?
Why wouldn’t you bench grealish and he could come in if rashford does not play?
Im in the same position as you and still not sure about it