Join 74,307 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 512,112.53).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Crypto market has been very volatile nowadays, not knowing if the bull wants to run again or just bear trapping the bulls. If you are a newbie in crypto, watching your portfolio from time to time is a NO, NO, you'll have heart attack.
Yesterday, probably night time on our time zone crypto market was on pump and dump. It's funny how it happens in a span of few hours only. I wasn't even able to sell the amount of BCH I plan to sell to fund my upcoming birthday.
Litecoin official twitter account tweeted that they'll going to have partnership with Walmart that was released by Globenewswire. The tweet said that Walmart will accept crypto payments which is $LTC.
Then LTC had massive pump from $180+ level to $240 per coin, it was funny because Walmart denied the partnership and bring down LTC back to $180+ level again. The tweet was also deleted by Litecoin causing many traders who bought the news got rekt.
While I on the other hand got stuck-up trade with CAKE/USDT pair in Stormgain, during the massive dump cake price drops to $18.75+ while my buying price was $19.51 I had -$6 good thing it didn't drop to my stop loss which is $16 or else the trade will be closed already.
As of now the trade is not yet close, but it's already in green. Hopefully at least if will reached $20-21 lol.
I am not closing yet as the 4hr Stochastic RSI is changing it's trend, I think I still have the chance to gain a little bit. But I know my weak hands ability I cannot hold it for long and I am always fvcked up right after I close position the coin will go to the moon. It's like it's only waiting for me to sell just like Wojak on Bogdanoff call meme lol.
This is why Margin trading is a risky game in crypto because it's very volatile in just a short span in time you'll win big time and you'll lose big time as well.
Before you jump in trading with leverage, always DYOR wanmilyon times, monitor your trade and be alert. Also read some crypto news for updates as it will reflect on price because some are buying and selling news..
This seems like a bull trap as many opened long position while some bears are just waiting to short at $46-47k level in BTC. As we all know BTC is dominating the crypto market when it has massive pump and dump, mostly altcoins will be dragged.
Pump and dump scheme in crypto nowadays is normal, caused by whales.
Thank you for reading!
Note: Original content unless revamp, sources are indicated for further details.