Trading mistake: believing "it can only go up from here"
One of the most common ways beginners lose money on memecoins: believing "it can only go up from here". Here is why it happens, what it costs, and how to stop doing it.
Why beginners make this mistake
After a deep drop, beginners assume a low price means limited downside and guaranteed recovery.
What it costs you
Watch out — "Down bad" coins routinely go far lower or to zero. There is no rule that a low price must bounce.
How to fix it
- Judge a beaten-down coin on liquidity and demand, not its drop.
- Check whether attention is actually returning.
- Avoid anchoring on the prior high.
- Require a real reason to expect recovery.
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Education only — not financial advice. Memecoins are extremely high risk.
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