When the price of a coin is pushing ever higher people get excited and want in on the action. I suppose that is when the FOMO kicks in.
Vertical Line Equals Do Not Buy
The example for today happens to be ChainLink (LINK) which has ripped higher for several reasons, one of which is just being listed on Coinbase the other day.
Here is the chart from 10 hours ago – wow look at it go. I better get in it’s going straight to 10 right!?!
Here is a chart from the time of this post:
And that is why you don’t buy a coins that has gone vertical in price appreciation.
Buy the dips and sell the rips!