Have to put the dog down SHIBA INU

norok Wizard Updated   
SHIBUSD is done. Following a discussion on my social media... pumps are not that hard to trade wisely. You just need to find a chair when the music stops and not look back with FOMO to the point of bagholding.

When price action of a pump slows it creates a small range. So long as it does not break the low of that range you are fine to HODL. Breaking that range is the sign to get out. This happens time and time again. Do the homework and look at charts of pumps this year. It is a very effective rule for getting out with optimal profits. You're never going to catch the high... don't try. There may be isolated examples where this rule misses some runs but exceptions should not detract from an effective trading method that works most of the time.

So following the most recent high price action created my favorite 50% Retracement Level. That was the level it broke when I made this post originally. Now it has come back to retest it. If price follows a classic pattern it will hold the level to go down.

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