The saying from yesterday came true today.
Just yesterday I said that in a countertrend doubling move, the drawdown is even fiercer than the rise.
$OGN was yesterday’s +104% all-market doubling king, and today it’s -12.6%.
RLC was even harsher, +37% yesterday and -17.5% today.
Those who chased the pump should be reflecting on life right now.
But today’s gainers list also produced a tough one.
$MAGIC , the old Treasure gaming-chain coin, doubled overnight, +108%, now at $0.16, with $50 million in volume.
An old coin that had been dormant for two years, the kind nobody paid attention to, suddenly exploded.
What’s absurd is that within the same gaming-coin sector, the divergence looked like two different worlds.
MAGIC doubled, $ALICE only crawled up +2 points, and SUPER went straight down -7%.
Same sector, some are eating meat while others are just standing guard.
On-chain, CHEEMS is still pumping against the trend, with a BSC whale locking it up for two years straight.
People like that are either true believers or following some other script; we small retail traders should just watch the show.
BTC is sideways at 82.7k, greed at 64.
The real doubling gains are always hiding in old coins no one is watching.
But before you make a move, first ask yourself clearly: can you hold through the day it drops -12%?
Just yesterday I said that in a countertrend doubling move, the drawdown is even fiercer than the rise.
$OGN was yesterday’s +104% all-market doubling king, and today it’s -12.6%.
RLC was even harsher, +37% yesterday and -17.5% today.
Those who chased the pump should be reflecting on life right now.
But today’s gainers list also produced a tough one.
$MAGIC , the old Treasure gaming-chain coin, doubled overnight, +108%, now at $0.16, with $50 million in volume.
An old coin that had been dormant for two years, the kind nobody paid attention to, suddenly exploded.
What’s absurd is that within the same gaming-coin sector, the divergence looked like two different worlds.
MAGIC doubled, $ALICE only crawled up +2 points, and SUPER went straight down -7%.
Same sector, some are eating meat while others are just standing guard.
On-chain, CHEEMS is still pumping against the trend, with a BSC whale locking it up for two years straight.
People like that are either true believers or following some other script; we small retail traders should just watch the show.
BTC is sideways at 82.7k, greed at 64.
The real doubling gains are always hiding in old coins no one is watching.
But before you make a move, first ask yourself clearly: can you hold through the day it drops -12%?