CRYPTO MECHANIC
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Be careful chasing $MOVE token
it's going up because they had to remove their market maker because binance found some fishy activities.
These wicks you see on the charts are because there is not enough liquidity on the pair right now.
👉🏻 What Does a Market Maker Do?
A market maker helps keep trading smooth by placing buy and sell orders in the market. This helps:
Reduce price jumps (also called “slippage”)
Keep trading spreads small (difference between buy and sell prices)
Provide liquidity so trades can happen more easily
When there is no market maker, the order book can become thin. This makes it easy for big orders to move the price a lot, creating those big wicks you see on the chart.
it's going up because they had to remove their market maker because binance found some fishy activities.
These wicks you see on the charts are because there is not enough liquidity on the pair right now.
👉🏻 What Does a Market Maker Do?
A market maker helps keep trading smooth by placing buy and sell orders in the market. This helps:
Reduce price jumps (also called “slippage”)
Keep trading spreads small (difference between buy and sell prices)
Provide liquidity so trades can happen more easily
When there is no market maker, the order book can become thin. This makes it easy for big orders to move the price a lot, creating those big wicks you see on the chart.
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