Whales are traders or investors who own huge amounts of cryptocurrencies and have the ability to move the market with large trades. Avoiding whale traps requires awareness and smart strategies.
🔴 Plans that can avoid whale nets!
🙂 Avoid trading during sharp fluctuations:
Whales often exploit big news or announcements to cause volatility, if you notice unexplained price movements (a sudden Pump spike or Dump drop), wait for the market to stabilize before making any decisions, there is a whale on the move 🐋.
🟠 Monitor Order Book:
🙂 Whales sometimes place huge buy or sell orders to trick traders, if you see very large orders on one side, it might be a "trap" to lure traders in the wrong direction.. Run as fast as you can 🏃🏃 . There is a whale waiting for you 🐋 😅
🟠 Avoid trading with market orders.
🙂 Market orders can leave your trade exposed, and whales 🐋 may take advantage of low liquidity to push the price against you. 😮
🙂 Use limit orders to ensure you enter and exit at the desired price without being monitored by 🐋🐋.
🟠 Don't get carried away by long candles:
🙂 Sometimes whales suddenly pump the price to attract traders, then quickly sell (dump).
🙂 Do not enter into trades due to sudden bullish or bearish candles without sufficient analysis.
🟠 Learn to analyze the Volume indicator:
🙂 Big price movement with high trading volume may be a signal of whale intervention 🐋🐋.
🙂 If the price goes up without a noticeable increase in trading volume, it may be a fakeout 🤯
🔴 Survival plan:
🙂 Trade with the trend: Do not try to counter the market trend which may be driven by whales.
🙂 Learn from patterns: Whales often repeat their strategies, and with practice you will learn to recognize them.
🔴 The most famous currencies that whales hover around 🐋🐋:
Whales typically focus on cryptocurrencies with high liquidity and large market caps because they allow them to execute large trades without overly impacting the market. However, whales may also target some lesser-known coins to manipulate their price. Here are the most popular coins that whales hover around:
🙂 Bitcoin #BTC☀
🙂 Ethereum #Ethereum✅
🙂 Rebel #Xrp🔥🔥
🙂 Dogecoin #DOGE: #Dogecoin
🙂 Ship Ino $SHIB
🔴 Finally.. Advice:
To avoid falling into whale traps🐋🐋, focus on trading in strong support and resistance areas and stay away from currencies that experience sharp fluctuations without a clear justification.🙂🥀🙂
