$RLC went up almost 100% in one day for no apparent reason. The narrative hasn’t changed. There’s no news on the horizon that would explain such a rise. It’s simply being driven up by increased trading activity in the coin.
The way I see it, this is a clear case of pump and dump. But as with all these cases, you never know where the top is. How high will they pump the price before selling off aggressively and sending it back down to its initial support level—or perhaps even lower…?
What about you? Are you trying to catch the top, or betting it’ll keep going up? It’s not an easy call, and many people lose a lot by jumping in out of FOMO. Protect your capital! It’s the first rule of trading! Don’t blow it all on a single trade!
The way I see it, this is a clear case of pump and dump. But as with all these cases, you never know where the top is. How high will they pump the price before selling off aggressively and sending it back down to its initial support level—or perhaps even lower…?
What about you? Are you trying to catch the top, or betting it’ll keep going up? It’s not an easy call, and many people lose a lot by jumping in out of FOMO. Protect your capital! It’s the first rule of trading! Don’t blow it all on a single trade!