$HIGH thoughts ♦️

explaining to you what's going on with #high .

can be helpful for people who isn't long time in crypto ♦️♦️♦️

look at this monthly candle. it looks very bad. explaining how it works and why.

it means someone who was holding big position (i don't know maybe earlier investors or team or idk) they were holding big position and wanted to cash out it. if they do cash out from 2$ price then they are not in profit and will dump price to 0.

so they pumped it to let other people buy it as it always grow hard. as longer it grow more people were buying. as they were holding big position, there was no sellers because they are not selling. (and other people didn't sell by the way too, coz they want x100)

and then they pumped and started to SELL and did FULL CASH OUT at high price and sold not only what they were buying for pump, but also COINS which they WERE HOLDING BEFORE

what means they left this project. means price should be less than it was before because BIG HOLDER HAS LEFT.

there is many type of pump and dump schemes. this is one of them.

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