Honestly, this pump at $ID feels pretty sketchy. Just three days ago, 70 million tokens were unlocked, and suddenly we see a spike of nearly 40%. It looks like a classic pump-and-dump strategy. The whales are sitting on a ton of unlocked tokens, and this pump is just to find some bag holders, not because they actually believe in bullish sentiment.
Since it’s essentially a sell-off, it’s best to follow a bearish strategy. Open a short position first and wait for the whales to start dumping. This kind of sudden pump after an unlock is often the best entry point for bears. Don’t be fooled by the surface gains; the risk is clearly tilted to the downside.
#ID
Since it’s essentially a sell-off, it’s best to follow a bearish strategy. Open a short position first and wait for the whales to start dumping. This kind of sudden pump after an unlock is often the best entry point for bears. Don’t be fooled by the surface gains; the risk is clearly tilted to the downside.
#ID