The whales place false buy and sell orders to manipulate the market and trap beginners. 😨
🎭 How does it work?
1️⃣ They place a huge buy order below the current price ➝ It attracts buyers 📈
2️⃣ As soon as the traders enter, they cancel their orders and sell at a higher price 💰
📌 Tools: Binance Order Book, TradingLite
🔜 Don't miss the next post: The whales and short/long squeezes 📉📈
💬 Have you ever fallen into this trap? Tell me in the comments!
