Today, while the altcoin market exhibits extremely sharp rises, the subsequent declines are just as severe and sudden. Investors are intentionally triggered to feel a sense of FOMO without leaving any room to analyze the market or think calmly. However, it would not be correct to call this situation FOMO; what we are experiencing is frankly a 100% fraudulent action.
We have seen one of the clearest examples of this strategy on #Rave. Although the peak point that the asset can reach is quite obvious, they forcibly pushed the price to the 2x level and then dragged it down. The main motivation here is to liquidate investors who open short positions based on funding rates. Many people mistakenly believe that if they had looked at the chart from the outside and opened a short position in time, they could have achieved massive gains. Please do not be deceived by this great illusion and manipulation that is going around.
If you are evaluating your investments in the spot market and can catch such momentum, the healthiest step is to sell your holdings and take your profit when the price reaches its peak. Apart from this, I definitely do not recommend getting involved in FUTURES transactions. Because the funding costs in futures trading have reached an entirely illogical and ridiculous level as of today.
We have seen one of the clearest examples of this strategy on #Rave. Although the peak point that the asset can reach is quite obvious, they forcibly pushed the price to the 2x level and then dragged it down. The main motivation here is to liquidate investors who open short positions based on funding rates. Many people mistakenly believe that if they had looked at the chart from the outside and opened a short position in time, they could have achieved massive gains. Please do not be deceived by this great illusion and manipulation that is going around.
If you are evaluating your investments in the spot market and can catch such momentum, the healthiest step is to sell your holdings and take your profit when the price reaches its peak. Apart from this, I definitely do not recommend getting involved in FUTURES transactions. Because the funding costs in futures trading have reached an entirely illogical and ridiculous level as of today.