This is exactly the specific example I often mention, if you want to know whether it's a pump and dump or not, look at the second candle after the break candle in a downtrend.
- The example above shows us that the second candle has a higher volume than the first candle, with the wick occupying nearly 60% of the candle, indicating selling pressure from retail investors. At the same time, the second candle closes above the 200 EMA. (Bravo). If the whales push the price down, it's as if there was never a split at all. #ETH