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Currently, many cryptocurrencies are facing significant depth adjustments. Especially at this price level, the number of traders following the trend to add positions is too high, which often indicates that market sentiment has reached a dangerous level. This is true even for some popular coins.
I have personally suffered losses in this regard. There are always voices in the group saying "It’s about to rise," and I believed them, adding to my positions several times, only to be repeatedly forced to cut losses. Listening to those who say it will go up—such talk is not unusual in any market condition.
The most painful example is FIL. I remember when it was around 11 dollars, various groups started shouting "bottomed out," hyping it all the way to now—look at the current price? About 1.5 dollars. Since then, I realized how much weight to give to the voices in the group.
Fellow crypto enthusiasts, the market cap is in front of you, and the data is right there. Instead of trusting those promises of "certain rise," it’s better to calmly see the true direction of the market. No one can fully predict the market’s temperament, but risk awareness is essential. Manage your pace well and don’t let emotions drive you.