Today we witnessed yet another market manipulation caused by whales, and we are talking about $CTXC, where the price literally melted, generating losses for many traders.
This manipulation is already well known and has already claimed many victims, known as Sell-to-buy, this manipulation caused by large traders (whales) is executed in an orderly and synchronized manner between them, so that when executing sell orders simultaneously, they cause a significant and instant drop, thus liquidating many STOP-LOSS, and automatically causing panic among smaller traders (sardines), thus creating a snowball effect, brutally dropping the market price. When the market price reaches the liquidity bottom and stabilizes, the whales buy back again, thus accumulating a huge profit.
How to predict? There is no way to predict, but there are ways to take precautions. To do this, be very careful when trading rapidly rising currencies #CTXChad risen more than 600% at its peak in the last 90 days). Set a realistic profit and a well-calculated STOP-LOSS.
How to benefit? Well, it's a game, and the best way is to get a vacuum on the opponent in front, so study the charts and when the currency reaches the liquidity bottom, buy it to make a LONG, the profit is almost certain!
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$CTXC
