Are PNUT and BOME "leek cars"?
PNUT announced its listing on Coinbase two days ago, and it rose by more than 20 points in the short term, but there was no movement afterwards, and it began to fall and pull back.
Since it was listed on Binance spot, except for the rapid rise in the first two days, it has basically fallen since then.
Why do we say that PNUT and BOME are "leek cars"?
The trends of these two coins are similar. They attracted a lot of attention when they were first launched, especially after they were listed on Binance. The market was once hot, and after a wave of rise, they began to weaken.
The biggest reason for not being able to continue to pull the market is that there are too many retail investors in the market, and the main players do not have enough chips to continue to pull the market.
And retail investors fight on their own, and it is difficult to provide enough funds to support the subsequent pull-ups, which eventually led to a continuous decline in prices, and even a feeling of mutual cutting.
Because these two coins attracted a lot of attention in the early stage, everyone was watching them. When they pulled back, retail investors would think this was an opportunity and entered the market one after another, but the market turned downward.
If you want these coins to have a strong trend, you must first "wash the market" to let retail investors hand over their chips, or make retail investors lose confidence through long-term sideways trading and voluntarily sell their chips.
Only when the main force gets enough chips can it drive the rise, and it is not easy to be disturbed by retail investors' selling when pulling the market, and the trend can really start.
However, the callback is an opportunity, and the fan group has begun to lay out!
Seize the bull market in the last month and have a good year!
The current market is perfect for swing trading. If you don't take action, your U will sooner or later run into someone else's pocket!
Direction is very important
If you want to get your money back or double it, like + leave a message "111" to get on board! ! !
Continue to pay attention to xrp, atp, uni, sol, pepe, pnut, usual, link, ada
