Every now and then, I try to "analyze" coins that catch my eye. Just a heads-up, I'm no expert—got no economics degree or anything like that—but I enjoy doing it while I'm trading.
So, a few days ago, $EDEN caught my attention because it had a massive pump, and I thought I'd take a look to see what's going on with it. To me, it seems like it's hitting a key zone. If it closes strong below that level, it might keep tanking, and hard.
On the flip side, if it finds solid support in that area, it could make a run to the upside, although I'm not seeing that clearly just yet.
I’m all ears for opinions; I love learning and picking up new concepts.
What’s the reason behind that insane surge of $BNB ?
Well, I’m not sure if it’s that insane, it just has me a bit surprised. Was there some major news? Or is it just plain "manipulation" and there’s some hidden movement I’m missing out on?
I’ve got tokens worth $EDEN locked due to a "Learn and Earn" activity, and they’ve shot up from cents to dollars. I’m not sure why the token is pumping; I need to do more research. #Although it has been on a steady climb, it feels a bit artificial—manipulation, maybe? Who knows, it’s bound to correct at some point, and then we’ll see if it was just a cash grab.
Still, I hope that when my tokens unlock, I can swap them for a decent price around $USDT .
Even if I'm not actively trading, I enjoy analyzing and taking notes. And if things go south, I try to understand where I went wrong. I've realized it doesn't happen overnight; it takes time, and the market really punishes you if you're not paying attention and don't have a clear grasp of what you're getting into. $RIVER
When I analyze but don't jump into trades, everything plays out as I expected. But the moment I actually enter a position, it all flips, and I end up losing 🤣 $RIVER