At 5 AM Beijing time tomorrow (23rd), Trump will hold a cryptocurrency banquet, and the 'troublemaker' Sun Yuchen will also be there! He holds 230 million USD worth of TRUMP coins (Trump concept coins), will he take the opportunity to pump the price tonight?
Why might it skyrocket tonight?
Trump's statement is a bomb tu.
If he says 'support cryptocurrency' tonight, TRUMP coins might take off directly!
Sun Yuchen is in control, ready to pump the price at any time.
The exchange he controls, Poloniex, accounts for 70% of TRUMP coin's trading volume!
Last night he secretly bought 3.8 million USD worth of TRUMP coins, clearly positioning himself!
Exchanges are ready to harvest, Binance and OKX have both listed TRUMP contracts, with short sellers outnumbering long traders by three times!
Once the price is pumped, short sellers will be liquidated, and the price will skyrocket!
How can ordinary people play?
High-risk warning: This kind of coin has extreme volatility, it could double overnight or be cut in half!
Aggressive play style (suitable for those who dare to gamble).
Buy a little at the current price (for example, 10% of your funds), betting on positive news tonight.
Add to positions if it breaks $15 (if it breaks through a key level, it may continue to surge).
Run as soon as it drops below $10 (if the big player sells, pull out, don't hold on stubbornly).
Conservative play style (for those afraid of losing money).
Wait until after the banquet to see, avoid getting washed out by extreme volatility.
Only play with spot trading, don't touch contracts (leverage can easily lead to liquidation).
Take profit and run, don't be greedy (this kind of coin rises quickly, but falls even faster).
Key time points for tonight.
5 AM: The banquet starts, and there may be news released.
5:30-6:00: The craziest time in the market, with the most volatility.
After 8 AM: Watch if the big player continues to pump or starts to sell off.
Final reminder.
Don't go All in! Only use money you can afford to lose.
Set a stop loss! Don't wait until you lose everything to regret.
Don't FOMO! If it has already risen too high, don't chase it, be careful of getting stuck with a bad purchase.
Pay attention to Jin Xin, keep an eye on my profile, set the alarm to bring everyone to profit.
