Stop mindlessly jumping into green candles $SWARMS like a herd of retail traders.
Yeah, we see a pump of +4.1% on an abnormal volume of 3.8x, but buying at this point is a surefire way to become fodder for the whales, especially if the price stumbles at the level of 0.007202.
If this is a genuine buy from the big players, they'll first let the price dip to flush out the panic sellers.
Be patient and wait for a test of the block at 0.006560–0.006647.
Look for a pin bar on the 15m chart for entry.
Targets: 0.007202 and 0.007257.
If we drop below 0.006560, then this entire pump was just dirty short-squeezing.
#SWARMS #CryptoTrading #BullTrap
Yeah, we see a pump of +4.1% on an abnormal volume of 3.8x, but buying at this point is a surefire way to become fodder for the whales, especially if the price stumbles at the level of 0.007202.
If this is a genuine buy from the big players, they'll first let the price dip to flush out the panic sellers.
Be patient and wait for a test of the block at 0.006560–0.006647.
Look for a pin bar on the 15m chart for entry.
Targets: 0.007202 and 0.007257.
If we drop below 0.006560, then this entire pump was just dirty short-squeezing.
#SWARMS #CryptoTrading #BullTrap