CATCH A COIN BEFORE IT PUMPS
How do you catch a coin before it pumps? Who on earth wouldn't want to know the answer to this golden question? Well, there are a few ways actually. Let's explore them one by one:
DRUM ROLLS ...
1. Be informed about any events associated with the coin or token. Events like, project launching, positive court rulings, conference, exchange listings, and the like can trigger the much awaited price pump. But be wary, because most of the time, its always "buy the news, sell the event". So better buy the coin a few days before the event and take profit as soon as it's up.
2. Learn technical annalysis. Look for bullish formations in the chart. Patterns like cup and handle, falling wedge, bull flag, bullish rectangle, bullish pennant, ascending triangle, double or tripple bottom, inverse head and shoulders usually signals an upcomming price surge.
3. Look for bullish divergence. But be wary that bullish divergence is not reliable when market is hyper bearish. When price dumps suddenly, bullish divergence is a normal occurence, and won't accurately predict an upcomming price surge. Divergence is reliable when market is calmly moving in a channel or in a normal phased zigzag flow.
These are the only ways that I've tried and tested. There's a lot of Crypto Masters out there, I'm sure they've got their ways too.๐
DYOR. Not a financial advice.
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