Under no circumstances should you buy this altcoin now! It doesn't matter it's TFUELBTC or TFUELUSDT. Of course, it can still grow. There are a lot of people who want to buy it now.
But there is a gap. TFUE can grow but also can fall. Altcoins are dangerous enough. They always have a large stop loss. But in this case, the stop loss can be placed at 80%. The risk/reward is very bad. You can either earn or lose 80% on this position. That's an awful lot.
This is not a call for a short. You can't short altcoins in this market situation. But if you are want to open positions, we advise you to think about it. If you already have positions, then it is a good time to close it or move it to breakeven.
Recall that it is very dangerous to enter the position of altcoins for more than 5% of the capital. Stick to your risk management.
Thank god we didn’t listen to you. Had it since 2.5 cents and been accumulating. Sorry for the people you misguided with such a title
pennygene
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@ElPitufoSinAzul, Read my big comment above and try to answer the questions I asked there.
And as for your trading decision, well, I made about that amount of profit too, but I used a much safer trade. Then why did you risk more?
If you are willing to risk your capital that much, I can draw a lot of conclusions about your strategy.
komar800
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Ten days later +320 %
pennygene
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@komar800, If you have any amount of capital, would you tell me if you have increased it 320% in the last ten days? If not, your remark is worthless. In the last ten days, we have had a 50% profit to the entire capital and it has been much safer.
If you knew about this move, could you explain it ten days ago by technical analysis or any other argument? I don't think so.
The last 130% of this rise is in the strongest overbought zone. This means that your long position would have easily become liquidity for sellers and you would have lost your money.
For us, it does not matter whether this shitcoin has grown by 320% or 1000%, you could have easily lost everything. In our idea, we were talking about the risk/reward ratio, and this is the main rule of risk management. If you believe so strongly in Theta Fuel, you can buy it now.
WaqarSheikh
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@pennygene, this explanation right here. 99% do not understand this.
MaxL82
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I bet you didn't know about TFUEL staking feature coming in Mainnet 3.0.
pennygene
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@MaxL82, Ohhh you are wrong, that was one of the reasons why we paid attention to this shitcoin.