Notice, it's been like this all week. In the order book, 80% of the orders are selling, and 20% are buying. That is, these are orders from real, genuine people. But the price, despite everything, keeps rising. The secret is that this is a purely manipulative coin.
The price is artificially raised to a desired level, and at that level, a short squeeze occurs, sending the price soaring. And this happens every time. In other words, the whale buys orders right up until the moment when the shorts begin buying back.
First, they squeezed all the shorts, now they'll squeeze the longs. Be very careful; it's best not to get caught up in this coin for the long term.
My dears, вe very careful. It doesn't matter whether you're buying or selling. Read the arguments below and think about it.
Just one advice for those who bought earlier: now is the ideal price to sell and fix your profits.
NOW IS DEFINITELY NOT THE TIME TO GO LONG OR SHORT: 1. For those who want to go long – understand that the price cannot rise indefinitely, that defies the laws of mathematics. The fact is that the liquidation of shorts is nearing completion, and these liquidations fueled the explosive growth of these coins; 2. For those who want to go short – if you go short now, you won't profit from the decline, but rather will lose from the price increase you yourself provoked. You know how smart money works: the whales lack liquidity and they will start buying until they knock out all your new shorts.
Greed is the worst trait of any trader. It's why we lose everything. Smart people will sell now.
Don't repeat the mistake of buyers at the peak of $ALPINE and similar coins. There have been thousands of such cases, look and study them. The same euphoria, the same crazy, unrealistic predictions. Sharp spikes always end sharply…
How reliable is this project? Even their original block explorer doesn't work. 😂😂😂 Regarding privacy, all cryptocurrencies are private. This price spike only hints at manipulation.