easiest shit ever to swing trade right now.
Easiest shit ever to swing trade right now
its because it's being botted harder than any coin ever right now
Yeah, better keep an eye on it when it looks "bottomed out" though, whoever is controlling this right now is an absolute nigger and I wouldn't be surprised if it has a few hundred more sats of vicious dumping.
what kind of targets do you guys give yourself while swing trading shitcoins like these?
3%, 1.5% if you're feelin DICEY
verge is fluctuating between 30-40 sats right now, its very easy to swing trade. The movements are even more predictable right now since it seems to be one party moving the price. they relentlessly take out massive buy walls to push the price where they want it, then buy it right back up in seconds
Fuck. This looks like a guy on a mission. And the volume on that thing.
That looks like a revenge dump desu
I'm no swing trader but I'll wait and see if he drops it further or 900 is enough.
I can hold for a few months if he decides to keep it that way.
until its not
I cant say too much but I know who is dumping.
Its someone VERY close to the project, but probably not who you think.
Thanks for the almost info.
Someone is angry, that's for sure. Or hurt or whatever, but that's no ordinary dump.
this
>bots spoof sell walls
>they don't dump, just flaky walls that will disappear when price moves close, to get real human idiots to dump
>bots owner shilling peons raid biz to spread FUD
>bots buy cheap dumped coins
kys
>it seems to be one party moving the price
Exactly why it's not worth the risk attempting to get in. You might as well go on Bitmex and 100x if you want to gamble like that.
thanks for the detailed info.... at least say how much
Sorry, it would be super obvious how I know.
But if you put together the pieces its not hard to figure out.
Thats not the end of the story though
Fuck dude spill some beans.
If that's not the end...do you advise to go in and buy and hold for a few months or just forget it for now?
181?
sorry sleepy now
meant for
This old girl has at least another dump or two in her. I'd bet 5 NintendoCoin on it.
The little swings you trade aren't that much worth it. Think about it , half of your profit on a tiny swing kike that goes to fees. And you have to watch the chart non stop. You can't walk away from pc other wise you risk getting dumped and holding bags. It's honestly not worth it unless you just want that adrenaline rush of making a few bucks over a few swings
Looks like the trap is set, dump incoming. Somebody wants to fuck as many people over as possible, as hard as possible.
What exactly are you seeing here? Just a false pump for a little bit to trap as many buyers as possible before dropping?
>a potential 1-3% loss on a position that's 1% of your portfolio is the same thing as getting liquidated margin trading
Yes. This thing is not your friend.
Pnd or not this shit is going up rn
What the fuck? I just looked at binance there's a ton of these trades using literally a single unit of xvg and they pop up non stop. What is this shit?
It's a pump and dump scam
The porn hub deal was just so they could find someone to buy their bags
Notice that this happened right after tax day
The only explanation I can come up with for those single unit trades is Binance themselves trading, since usually the minimum amount for a trade is .001 BTC.
Make of that what you will.
it's a bot used to pump the price up. it market buys at 1 coin and normies see that price and make there purchases at that price. it's a common tactic to drive the price up. people do the reverse also.
Fuck off larping cunt
This
The more green you see on the order history the more you psychologically wanna go in and buy
When it's pumping real fast and like a machine gun you see a ton of market buys at extremely low amounts
That's a whale using a bot to encourage idiots to buy, or to sell
It works on absolute brainlets but I think most have caught on
How are they allowed to trade 1 XVG at a time when minimum trades are .001 BTC? Is the bot placing orders for like 100 XVG and canceling them as soon as 1 XVG is traded? HOW ARE THEY GETTING UNDER THE MINIMUM? THIS IS BULLSHIT!
on the phone apps also, people just look at the last trade price. the bot keeps pumping it to the market buy price and people just place their orders at that price
there is no minimum for market buys/sells
Indeed
It's fun watching sometimes
They are too obvious
Thanks, I did not know this.