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Nakamoto (ticker: $NAKA) - that Bitcoin treasury company - just had a brutal six months. Down 96% from its peak. Yeah, you read that right. Ninety-six percent.
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How are the frens who bought the dip at high positions doing? The MACD has already formed a death cross.
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I said there were danger signals back then, but no one listened to me.
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With such obvious bearish signals, who still dares to catch a falling knife? Come on.
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From the historical high to this, the stop loss level has long been breached, everyone.
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Is this called market cycles? No, this is called a direct 50% Slump followed by another 50% Slump.
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I thought of it at the most frenzied moment of the sentiment indicator, but unfortunately, my reaction speed wasn't fast enough...
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96%, watching my account evaporate calmly, it's maddening.
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Looking back, the technical analysis was completely a textbook-level bearish trap.
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This time I permanently deleted "buy the dip" from my operation library.