Many are curious about what a pump is or do not fully understand this phenomenon. Let's take a look 👇



🔹 Pump (Pump) is a rapid increase in the value of a crypto asset within minutes or hours. This usually occurs due to a significant influx of funds from certain market players (such as large investors, trading associations, or even unexpected important news).

🔹 A sharp rise is often followed by a crash, referred to as a dump (Dump). At this moment, those who purchased the asset at a low price begin to sell it off to realize profits, leading to a collapse in the price.

⚠️ Be vigilant! Some pumps are backed by technical analysis and informational reasons, while others may be planned to mislead small traders, luring them in at the peak and then forcing them to realize losses! 👍

✅ How to take advantage of this situation?

1️⃣ Avoid entering a pump in the middle of it! Wait for trend confirmation.

2️⃣ Pay attention to trading volumes and technical indicators.

3️⃣ Approach entry into lesser-known projects with caution.

💡 Successful trading is based on a well-thought-out strategy, not on blindly following the chaotic movements of the market!

📊 To stay up to date with the latest analytical data and recommendations, subscribe to our channel! 🔥
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)