How market makers see retailers. I see this in ADA, DENT, HOT as well. When price comes out of the Accumulation zone. Day1: it gains 20% then retrace a bit. Retailers think "oh nothing, I know it will come down again. Day 3: it pumps another 20%, retailers think oh this pump is legit. I will wait to retrace. Day 4: It pumps 45%, retailers think oh now, I should have buy in. Day 5: another 40%, retailers think OMG I totally miss the gains. I must go in now, this project is legit, many news, influencers talk about it. Day 6: It pumps 20%, retailers think they are genius. Day 7: It down 15%, retailers think they should DCA to a great project. Day 8: It came back a bit, consolidation. Day 8-30: Diamond hands, retailers regret about not selling top and for not buying at the bottom. So they diamond hands 'cause it works right? Day 31: Capitulation. Down 60%. Retailers sell. Rinse Repeat.
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.