Why did ETH and the other coins suddenly pump and then dump at the New York open? Complete breakdown! 🚨
Brothers, as soon as the New York market opened, the entire market pumped suddenly!
ETH, BTC, SOL all up... then suddenly a dump in 10-15 minutes? 😱
What actually happened?
A very large whale in America (which had already placed shorts/sell orders) sold aggressively as soon as New York opened, causing the price to drop significantly.
But... check the volume! 👀
The volume did not go minus but remained in plus!
That means there was already strong support below, the buying pressure was so strong that the dump was absorbed and the price started pumping again! It is still continuously going up 🔥
The lesson is:
If the price goes high, don't rush to sell immediately
Volume is high and green = Buying is ongoing = Pump is not about to stop yet
Volume can also be zero at high without the price coming down
A real dump only starts when the volume goes minus and there is large selling
Remember: No matter what the price shows, volume doesn't lie!
Look at the volume worth first, everything else can wait.
Even on the limit wall in the market, fluctuations are created; volume tells what the real game is.
What do you think? Will the pump continue or will the whale dump again? 👇
Drop your view in the comments!
#Ethereum #CryptoPump #VolumeAnalysis #BinanceSquare #CryptoPakistan
