The Trend is Your Friend: Stop Fighting the Tape
I’ve watched several Altcoins like $BABY , $LUNC , and $GENIUS pump aggressively alongside $BTC. While the trend was clear, many traders fell into a "naive short" trap, thinking the price was "too high" to go further.
🚩 The Danger of "Guessing the Top"
Shorting high-momentum coins without a stop-loss is how accounts get blown. We saw this with $RAVE, which rocketed from $0.5 to $28. No margin can withstand that kind of vertical move.
🧪 Technical Reality Check
High RSI ($BABY at 80-90+): In a parabolic move, a high RSI isn't a sell signal; it’s a sign of extreme strength. It can stay "overbought" while the price doubles again.
Massive Volume: When volume is 4x the average (like $GENIUS), the trend is being driven by heavy buyers. Fighting that is suicide.
💡 The Bottom Line
Don't guess the top. It’s better to join a trend late than to stand in front of a freight train.
Respect the RSI. High momentum requires a bullish bias or staying on the sidelines.
The rule is simple: Ride the wave or watch from the shore—but never try to stop the tide.