How to Spot Coins Ready to Pump in Just 5 Minutes
Spotting coins ready to pump in a short timeframe requires a focused, methodical approach. Here's how you can analyze a coin in just 5 minutes:
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1. Check Trading Volume (1 minute)
Look for a sudden spike in volume compared to the average daily volume.
Use platforms like CoinMarketCap, CoinGecko, or exchange tools.
High volume often precedes price movements.
Red flag: Pump-and-dump schemes also show sudden volume increases, so validate with other signals.
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2. Analyze Market Sentiment (1 minute)
Quickly scan social media platforms (Twitter, Telegram, Reddit).
Look for buzz or trending discussions around the coin.
Use tools like LunarCrush for a sentiment analysis score.
Red flag: Overhyped coins with vague promises can lead to dumps.
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3. Check Key Technical Indicators (2 minutes)
Use trading platforms like TradingView.
Look for:
Breakout Patterns: Check if the coin is breaking a resistance level.
RSI (Relative Strength Index): RSI below 70 (not overbought).
Moving Averages: Price above the 50-day or 200-day moving average.
Quick Tip: Look for coins forming bullish patterns like ascending triangles or flags.
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4. Assess Fundamental Triggers (30 seconds)
Look for recent news or updates:
Partnerships.
Exchange listings.
Major upgrades (mainnet launches, staking opportunities).
News-driven pumps can lead to quick gains.
Pro Tip: Follow reliable news platforms like Binance, CoinDesk, or Messari.
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5. Review the Order Book & Whales (30 seconds)
Check the coin's order book for large buy walls.
Use whale-tracking tools like WhaleAlert to see if big players are accumulating.
Red flag: Watch for large sell walls, which can suppress price movement.
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Final Reminder:
Stay disciplined; donât chase pumps.
Set clear entry, stop-loss, and exit points before taking action.
This process can help you identify potential movers quickly, but always verify findings with proper research to minimize risks.