In trading, if a currency price rises and then consolidates at a high level for several hours, it is likely to imply that there is still room for upward movement. In comparison, the price rise caused by "fraudulent pull-ups" is often short-lived, and its typical price trend is a rapid rise in the positive line and then a sharp drop.
When a currency maintains a stable trend after a round of price fluctuations, it is a currency worth paying attention to and can be considered for operation in the next round of market conditions.
In terms of trading strategy, you can wait for the price to break through the previous high point before trading, or adjust the time range to observe a lower high point, which may allow you to enter the market in advance. $BTC
$PNUT Coinbase's listing estimate is also unlikely, because coins listed after it are already tradable. To be honest, this garbage coin has no hope in the short term!
What exactly does the term “sweep” often used by market makers mean?
What exactly does the term “sweep” often used by market makers mean? I will only say this once, so remember it. The market value management process of a serious project is full of gambling and calculation. It is not like the meme where the price goes straight back to zero after a sudden rise and fall, a "pumping" without any skills These are two completely different things. The complexity of the former requires market makers to have extremely advanced psychological attainments and secondary market game skills. The current price of M-coin is $0.03. He plans to raise it to $1, a 30-fold increase. The project owner now has $10 million in cash reserves. ❌❌Negative example❌❌ 1. The market maker spent $1 million to raise the price from $0.03 to $0.1, a 3-fold increase.
When something moves higher and then starts to consolidate at the top for a few hours, it's usually a sign that there's more room to go. The fake pump doesn't last long, it's mostly a candle up and then down. If a coin stays the same after a move, then that's the right coin to focus on and make the next turn on. Wait for price to break above the last high to execute your trade. Or you can pull the time frame to lower highs to get in early.