Post
Topic
Board Trading Discussion
Re: How can we identify pump and dump?
by
chiggz
on 29/01/2018, 16:54:18 UTC
It is frustrating when I saw a strong momentum and bought a position only to see that it candle return to the original price where it belongs. Is there anyway we can know it is p&d group working and not organic push?

It’s not too difficult to detect a coin that’s being primed for a pump and dump. You’ll often see buying patterns like the ones in this graph. A coin generally rises in its price due to various factors but most of it being the current news and developers updates on the roadmap. One way to avoid this by checking the news or buy not investing in Shitcoins altogether. Since they are the ones usually pumped due to volume. If you want to learn in depth check buy and sell walls so you can find if there are no already built up large sell walls. One more thing is Never buy a coin just because the price is rising. This is when you become a victim due to the fear of missing out. Lastly use your common sense while trading. Don't trade thinking you will get rich instantly and putting your money in the dead coins.