CT 24 hours surged nearly fivefold. The quote is just over four tenths, and it’s number one on the gainers list. Trading volume is over two million USD.
This kind of pump has nothing to do with fundamentals. With a volume of a bit over two million, it can push the price up five times. The order book is so thin you can count it, and just a few orders can move the price. Last time I chased one of these “monster” coins—when it opened I rushed in, and by the close it had slashed in half; I got out there. I still remember the intraday chart to this day.
In five minutes it can throw up a long bullish candle, yet it can also give it all back in an afternoon. The volume from those candles at tomorrow’s open will give the answer.
This kind of pump has nothing to do with fundamentals. With a volume of a bit over two million, it can push the price up five times. The order book is so thin you can count it, and just a few orders can move the price. Last time I chased one of these “monster” coins—when it opened I rushed in, and by the close it had slashed in half; I got out there. I still remember the intraday chart to this day.
In five minutes it can throw up a long bullish candle, yet it can also give it all back in an afternoon. The volume from those candles at tomorrow’s open will give the answer.
