$IO trap or opportunity?

In the past 2 days, #IO has continued to grow continuously, ranking in the TOP 1 coin price increase with 2 pretty daily candles, and relatively large trading volume. with the current trend and large trading volume along with the selling volume in the H4 frame is not high, although at the peak of 6.5 the h4 candle showed signs of withdrawal, but the buying volume compensated very quickly after that, so this coin Can still break the peak of 6.5. Set a new ATH tomorrow.

But please note that the number of coins in circulation compared to the total supply ~ 11.9% of the number of coins in circulation is too low, so the rapid increase in the price of this coin is understandable, but what about the long term? Increasing the price of this coin is still just creating a FOMO effect for those who come later. With a large fluctuation amplitude, they can enter many small orders and then run away before it collapses. But with this huge amount of buying, in order to dump it, it must establish a new peak at $9.