This is a well-known bull trap that whales use to earn money.
1st phase:
They pump price hard, a big candle appears and people FOMO in.
2nd phase:
They sell with benefits and people FUD, making price crash.
Down there, whales accumulate again before pumping price again.
3rd phase:
The 1st phase is repeated, they sell again up there with benefits and let it crash again so people sell everything and repeat in some days/weeks/months.
It's during the 3rd phase that some people don't sell thinking that it will keep pushing up but it doesn't, making them sell at a huge loss, crashing price even harder. This bull trap is the beginning of a big crash. Get ready.
*Not financial advice.
1st phase:
They pump price hard, a big candle appears and people FOMO in.
2nd phase:
They sell with benefits and people FUD, making price crash.
Down there, whales accumulate again before pumping price again.
3rd phase:
The 1st phase is repeated, they sell again up there with benefits and let it crash again so people sell everything and repeat in some days/weeks/months.
It's during the 3rd phase that some people don't sell thinking that it will keep pushing up but it doesn't, making them sell at a huge loss, crashing price even harder. This bull trap is the beginning of a big crash. Get ready.
*Not financial advice.