y it keep pumping from past more than a month..?? how to predict when this auction coin will start falling... even in trading data it shows more shorts than long but it keep pumpng
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KING -KONG
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$AUCTION
Why do random tokens like Auction pump? Simple, market makers pick up rando tokens and strike a deal with exchange to scam amateur investors, who are 99% of crypto investors -all are bulla and they dont even understand shorting! They always beleive price will keep going up, when pricd fall they buy more untill they loose everything!
How Exchange make money is as follows - transaction fees, funding fees and mainly from Futures that get liquidated. When futures get liquidated all your money goes to the exchange.
Therefore pump and dump coins are the best way for the exchange to make money. Dont be fooled when random coins pump for a few days - mostly it is pumped by the market maker, they sell the tokens at higher price and buys it
back to pump, eventually will loose the steam.
Party cannot go for too long, that's why all tokens that get pumped crazy crash next day. Auction has dome too much now and if you are in profit take it now, and it you understand shorts, short it.
If you believe in fairy tale stories keep holding the token until you loose everything - not too long, if not in hours, a day or two at the best, just like KaITO, BNX and S. Same thing will happen to this token, will fall like a rock!
Check my posts on KAITO I predicted the crash exactly a few hours before!
Why do random tokens like Auction pump? Simple, market makers pick up rando tokens and strike a deal with exchange to scam amateur investors, who are 99% of crypto investors -all are bulla and they dont even understand shorting! They always beleive price will keep going up, when pricd fall they buy more untill they loose everything!
How Exchange make money is as follows - transaction fees, funding fees and mainly from Futures that get liquidated. When futures get liquidated all your money goes to the exchange.
Therefore pump and dump coins are the best way for the exchange to make money. Dont be fooled when random coins pump for a few days - mostly it is pumped by the market maker, they sell the tokens at higher price and buys it
back to pump, eventually will loose the steam.
Party cannot go for too long, that's why all tokens that get pumped crazy crash next day. Auction has dome too much now and if you are in profit take it now, and it you understand shorts, short it.
If you believe in fairy tale stories keep holding the token until you loose everything - not too long, if not in hours, a day or two at the best, just like KaITO, BNX and S. Same thing will happen to this token, will fall like a rock!
Check my posts on KAITO I predicted the crash exactly a few hours before!
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