Surprising! The $FUN coin has surged and plummeted today, and the tactics of the big players 'baiting and harvesting' have been fully exposed!
Today's trend of the $FUN coin is clearly a scheme by the big players to harvest retail investors, beginners should be cautious!
In the morning, the big players secretly accumulated positions, with prices fluctuating near the lower Bollinger Band, MACD showing a golden cross below the zero line, and trading volume being sluggish, retail investors didn't pay any attention. Suddenly, a strong 5-minute candlestick broke through the resistance level, and trading volume surged 10 times, but the MACD red bars decreased in volume, this is 'baiting'!
They also coordinated with the Ultra platform to spread false information, stating that $FUN is just a backup payment token in the terms, while the exchange launched perpetual contracts in advance—it's all a scheme!
After reaching the high point, there was an instant waterfall drop, the number of on-chain addresses decreased, and there were no real users entering the market, it was just the big players manipulating the market to harvest retail investors!
Now the price is consolidating, and whether it breaks the support level or experiences a 'second peak', don't catch the falling knife! Such small-cap tokens have low circulation, high control by big players, and retail investors stepping in is just a loss. Let's focus on BTC, ETH, and other major coins with real ecosystems, don't be fooled by the big players’ schemes!
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