🔥 Market Insight: SOL is showing clear bearish momentum with a consistent downtrend after failing to sustain levels above 175. The price is trading below the MA7, confirming selling pressure. Watch for strong bearish candles and volume spikes to confirm the downward move.
⏳ Caution: Market fluctuations can cause rapid price swings—use strict stop losses and trade responsibly.
💪 Motivation: Stay sharp and capitalize on the bearish wave! This is your chance to ride the downtrend with confidence and precision!
🧊 Looking at the BTC order book heatmap, liquidity is clearly clustered around the $117,500 level.
_🪬And what does the market love to do? That’s right hunt liquidity. It doesn’t mean we’re heading straight to $117,500 right now, but it’s definitely something to keep in mind. 👀_
Understanding Crypto Pump and Dump Schemes How They Work and Why You Should Avoid Them
In the world of cryptocurrency, “pump and dump” is a common yet dangerous market manipulation scheme. It typically involves a group of people who artificially inflate (pump) the price of a lesser-known or low-volume coin, only to sell (dump) their holdings at the top for profit — leaving others with losses.
Here’s how it works: A group of traders, often organized through private chat groups or social media, chooses a specific coin with low market capitalization. They start buying it in bulk and simultaneously promote it aggressively. This hype creates a false sense of demand, and unsuspecting investors start buying in, hoping to profit as the price rises.
As more people buy, the price shoots up — sometimes by hundreds of percent in minutes. Once the coin reaches a peak, the original promoters “dump” their coins at the inflated price. This massive sell-off causes the price to crash rapidly, and those who bought late are left with worthless tokens and significant losses.
Pump and dump schemes are illegal in traditional stock markets, but in the unregulated crypto space, they still occur. These schemes rely heavily on fear of missing out (FOMO) and lack of investor awareness.
To protect yourself, always do your own research (DYOR). Be wary of coins that spike suddenly without real news or technical progress. Avoid jumping into projects based solely on social media hype or anonymous tips.
In conclusion, while crypto offers many real opportunities, scams like pump and dump highlight the risks of unregulated trading. Staying informed, skeptical, and patient is the best way to avoid being trapped in such manipulat