If you are still buying tokens after they pump 25 percent, stop now.
Most retail traders end up holding the bag because they let FOMO dictate their entries. They buy at the local top and get stopped out right before the actual reversal happens.
People are currently screaming to long $VELVET at current market price despite it already being up over 24% today. The bullish crowd points to targets like 1.20 and even 2.00 as easy wins, assuming the momentum will carry it through. On paper, it looks like a clean run if the broader market holds up.
However, setting a stop loss all the way down at 0.45 just to chase this pump is a massive risk. While $SOL and other majors might be showing strength, risking a deep drawdown on a volatile mid-cap is how accounts get wiped out. It is far better to wait for a cooled-down retest than to buy the green candle.
Are you chasing this pump or waiting for a pullback?