đ¨ Beware of Whale Traps in the Crypto Market! đ¨
Ever noticed a sudden spike followed by a sharp crash in your favorite coinâs price? You might be witnessing a classic whale trap. Hereâs the scoop:
Whalesâbig players in the marketâmanipulate prices by making huge buys to pump up the value of a cryptocurrency. This surge sparks FOMO (fear of missing out) among smaller traders, who dive in headfirst, pushing the price even higher. But itâs all a setup! đ
Once the price peaks, these whales pull out, causing a quick drop and leaving latecomers in the dust. Stay sharp and trade smart! đ
#Crypto #Whaletrap #MarketMoves #CryptoPCEWatch #Write2Earn!