Recently, $CLO's performance has indeed been a bit perplexing. I chased it once before, and although I made nearly double the profit, the process was truly thrilling. Its movement is like this—slow to rise, then suddenly a sharp drop, losing 6.70% in one go, making it impossible to keep up with the rhythm.



Later, I took some profit and exited in time, mainly because I felt this coin was unstable and could plunge again at any moment, so I decided to lock in gains. Unexpectedly, it rose again shortly after. Watching that upward candlestick chart, I did feel a bit regretful, but I didn't have the courage to chase in again. After all, I had been hurt once before and couldn't quite gauge its temperament.

And then, not long after, it really plummeted again. Such repetitive movements can easily mess with one's mindset. Those coins that are neither too hot nor too cold, yet prone to sudden moves, seem to be the biggest psychological tests in trading. Sometimes, not chasing might actually be the smartest choice.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
LiquidatedTwicevip
· 6h ago
This coin is really annoying; its ups and downs can hit right in the heart.
View OriginalReply0
SeriousClownvip
· 15h ago
Merry Christmas ⛄
Reply0
GasFeeBarbecuevip
· 20h ago
Oh, CLO is just a mindset killer. I've been fooled by it a few times too.
View OriginalReply0
AmateurDAOWatchervip
· 20h ago
Being taught a lesson by CLO firsthand, it's high time to stay away from these repeatedly draining coins.
View OriginalReply0
CoffeeNFTradervip
· 20h ago
Haha, CLO is just a mindset killer. I've also been messed around by it.
View OriginalReply0
SelfSovereignStevevip
· 20h ago
This coin is really a mental killer; you can't even play with the ups and downs. Just don't bother with it.
View OriginalReply0
SatoshiChallengervip
· 20h ago
Data shows that these types of coins have historically experienced over 20% dips roughly every three months, and your 6.70% is actually quite lucky. Ironically, most people make money and then run, regret it, chase after it, and end up with nothing — this is the real bubble cycle. Is not chasing actually a smart decision? Objectively speaking, that's just avoiding once, not a strategy. During the June crash and the September crash... interestingly, I saw this rhythm back in 2017, and the stories of those coins are now all on the liquidation list. Is your mentality collapsing? That's why 90% of retail investors can't survive three bull-bear cycles. Honestly, looking at this chart, I am even more convinced of one thing — unstable coins should be left to gamblers; we don't need to accompany emotional breakdowns. Really, inexplicable sudden movements are signals of exchange harvesting; smart people have long learned to ignore them. This is what is called "market irrationality." When ordinary people get involved, it's like actively paying an IQ tax. Double returns sound good, but do you know how many people ended up losing double on this coin? Without comparison, there's no harm.
View OriginalReply0
VCsSuckMyLiquidityvip
· 20h ago
It's really not wrong to secure your gains; CLO's temper is just here to torment people.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)