What actually happened?

First, people started buying rapidly

➜ Price went up to $14

Then big players (whales) booked profits

➜ Price dropped sharply to $7

Now it’s stuck around $8

👉 Meaning in simple words:

First, hype was created (everyone started buying)

Then panic selling happened (everyone started selling)

Now the market is confused — whether to go up or down

👉 Current situation:

Price is still not strong

Trend looks slightly downside (weak)

Buyers and sellers are fighting with each other

👉 Most important point ⚠️

Such charts are often seen in pump & dump situations

Where price is first artificially pumped

Then suddenly dumped

👉 Simple advice:

Entering right now is risky

Safer approach is to wait:

Either price becomes stable

Or a clear uptrend is visible