The difference between smashing and washing
In the currency circle, smashing and washing are two words that are often heard. Many people confuse them, but in fact they are very different.
Smashing is when the dealer or big funds directly smash the price down in order to ship goods, sell a large number of coins at one time, and cause the market to collapse instantly. The purpose of smashing is to cash out at a high level and sell as many coins as possible. Usually, it is a sudden smash when the market sentiment is high, causing panic selling and a rapid drop in prices.
Washing is when the dealer deliberately fluctuates the price in order to get rid of the unsteady chips. It seems to have fallen, but it is not for shipping, but for better pull-up in the future. At this time, the dealer has not shipped yet. They use this method to clean up those impatient retail investors so that the real pull-up is smoother.
In short, smashing is for selling, and washing is for buying. Smashing makes the price fall sharply in order to harvest; while washing is to suppress market sentiment, let those who should run run first, and then slowly absorb chips.
When you see a sharp drop in prices, don't panic. Think clearly first. Is this the dealer smashing the market or washing the market? Only when you figure it out can you make a decision and avoid being easily cut off.
If you like contracts, like to study the market, and study technology, click on the avatar. I will share my years of experience and skills in the currency circle for free. I am waiting for you in the circle. I am online at any time. Welcome to discuss and make progress together.