Three Characteristics of Strong Speculative Coins:
1⃣️ Long Wash Time: The operator often spends at least two months or even longer to wash the market, which means that if you notice it early, you may not be able to hold on due to the lengthy and exhausting washing process. During the wash period, the price may consolidate sideways or slowly decline, testing the patience and determination of investors.
2⃣️ Long Launch Time: It may take at least a month from the washing phase to the official launch. The operator may suddenly buy in large quantities and then quickly sell out, forming a series of hanging man candles, followed by a sharp drop for four or five days, then a sudden rise. This process may repeat four or five times, aiming to gradually raise the bottom price while wearing down the patience of some long-term holders.
3⃣️ Long Rise Time: The operator typically takes at least two and a half months to raise the price. During the rise, there will also be a pullback wash to shake out the last remaining holders. The operator may rapidly raise the price in one day, with gains possibly reaching 300% or more, aiming to quickly elevate the bottom price and prevent retail investors from acquiring low-priced shares. If too many retail investors notice the rise on the first day, the operator may simultaneously wash the market during the rise, enticing retail investors to chase the high and then crashing the price.