Education
How altcoins pump - [Educational] - #TATip
On the chart there are notes that describe in detail a typical way that an altcoin pumps.
In this particular example we notice 5 phases that occured.
a. Price takes out the low then proceeds
with a big pump (Accumulation)
b. Target goes just above the most recent swing high
to trap breakout traders (Distribution)
c. Selloff that causes stop loss triggers
and liquidation of positions
d. Pump to seek liquidity in order to sell without slippage
e. Next Support Zone (Accumulation)
In this particular example we notice 5 phases that occured.
a. Price takes out the low then proceeds
with a big pump (Accumulation)
b. Target goes just above the most recent swing high
to trap breakout traders (Distribution)
c. Selloff that causes stop loss triggers
and liquidation of positions
d. Pump to seek liquidity in order to sell without slippage
e. Next Support Zone (Accumulation)
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-Education
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Binance reg.link: binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We provide:
-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.