Core coin market analysis: opportunities and risks coexist
Core coin is currently strongly controlled by the market maker. It is a public chain with no practical application for the time being and almost zero fundamentals.
Technical analysis
Core coin has experienced extreme price fluctuations in a short period of time: Rapid rise: In 10 days, Core coin quickly rose from $0.4 to $4, an increase of up to 10 times.
Sharp decline: In the following 10 days, the price fell sharply, almost halved and then halved again, falling to around $1.
Behind this extreme price fluctuation is the strong control of the market maker. During the sharp rise in prices, retail investors missed the opportunity because they did not dare to enter the market, while the market maker continued to create a short squeeze. When the price rose to an extreme position, the market maker suddenly smashed the market, causing retail investors to take over, and then the price fell rapidly. Retail investors panicked and sold, suffering a drop of up to 80%. Ordinary investors can hardly bear such losses. Investment advice
Avoid blind entry: Due to the high-risk nature of Core coin, it is recommended that players do not easily get involved.
Wait for a pullback and layout: If you have to enter the market, it is recommended to wait for a pullback during the rise before arranging spot to reduce risks.
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