Don`t hunt the PUMP - Take profits

Well i said it before and i say it again. Waiting for a cryptocurrency to explode is a nice thing.

Especially when you are in before the big pump is happening. Then congratulations, ride the pump and  don`t forget to take profits.

Here is an example with VRA and what happened the last few days.

Step1 - The pump

Well first of all, as you can see there was a kind of a consolidation phase.

And then BOOM , there was big pump. Which lasted about 45 minutes.

Please see my chart, where I am using the 15min timeframe.

STEP 2 - Lost of momentum

Ok what happened next. The momentum lost steam and some of the users have took their profits, that is just normal.I then draw a quick FIB Retracement from the bottom to the top. And know I could easily see what was happening.History proved me right and I went in again at the 0.618 Fib level. I also did some quick checks with the STOCH RSI, but this is it.

STEP 3 -  Is this workin all the time ?

NOOOOOOOOOOOOOOOOOOOOOOO

Fib Retracement levels are in my experience the best way to identify rentry levels when you lost the train or when you are searching for an entry. Could it got wrong? YES…  it could..  Because this is the situation 2 days later looks like this. You can also check this on Coingecko. https://www.coingecko.com/en/coins/verasity

Step 4 - After the pump back to the startline

Which means, the pump is over and we are now more or less at the same level as days before.

So my lessons learned is that I should ALWAYS take profits.  But this is only my idea and yes

All the best and trade well my friends

But as always THIS IS NO FINANCIAL ADVICE this is only my way of thinking. Be careful, take profits and remember you can loose all your money. I also added some of my affiliate links in the box. If you need an discount of 10% on BINANCE you can use this one. And if you want to participate on other projects. As example DEFI please use the link to receive a sign up bonus about 20$ after your first deposit. Stay save and make good gains.

• Use PRESEARCH and earn PRE Token

  https://presearch.org/signup?rid=2418577

• CakeDEFI – Provides the  token and offers an easy staking plattform . Use the link and receive 20$ in DEFI after your first deposit

  https://pool.cakedefi.com/#?ref=479398

• BITPANDA – Here you can buy and trade the 

  https://www.bitpanda.com/?ref=4016476156782350721&tag=coderei

• BINANCE – register and they will give you a 10% discount

  https://www.binance.com/en/register?ref=BW3WRFHC

• NEXO Finance - Here you get high interrest rates on crypto an FIAT assets.

  https://nexo.io/ref/aezwc0yzs7?src=android-link