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Yesterday $LA hung up
Fucking hell, I spotted this golden cross at the bottom plus that divergence pattern on $LA, and I just had to jump in. Revenge trading? Yeah, probably. Couldn't help myself.
And what did I get for my troubles? New lows. Bloody typical.
These garbage tokens have zero support when they tank - absolutely none. There's no such thing as "finding the bottom" with these shitcoins. I'm keeping my position light, thankfully. Learned that lesson the hard way.
I'm essentially betting on a broader market rebound to lift this turd. Not my proudest moment, but here we are.
Looks like this isn't the "pump it" LA, but the "trash" LA. Cutting my losses and getting out at breakeven.
No point throwing good money after bad. When these small caps fall, they fall like stones. That golden cross? Completely useless technical signal when sentiment turns this negative.
Trading these microcaps is basically gambling - sometimes you win, usually you lose. Market makers will happily take your money while you stare at meaningless chart patterns.
Legal notice: Contains third-party opinions. Not financial advice. May include sponsored content.