#CryptoRegulation This chart shows a massive price spike followed by sideways consolidation, which resembles a "pump and dump" or a parabolic move with distribution.

Pattern:

Parabolic spike from $0.10 to $3.86.

Quick retracement and range-bound movement (consolidation).

MACD is bearish, volume dropped sharply.

How to Trade:

Avoid buying after the spike — risk of dump is high.

Wait for a breakout:

Above $3.86 (previous high) = possible continuation (buy breakout with tight stop).

Below $2.50 or key support = short opportunity.

Use tight stop-losses due to extreme volatility.

Best reward setup: Buy a confirmed breakout above resistance with volume, or short if it loses support and volume spikes downward.