Post
Topic
Board Trading Discussion
Re: Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
by
Silberman
on 16/08/2021, 22:02:14 UTC
I understand, but in that case the rise in price would be instant in one second. Right?
What I see is dragging for hours..
Not really, what you could be seeing in those coins is a whale setting up a position to be able to manipulate price more effectively, as the name implies a whale is too big so if they were to enter the market with all of their resources then the market will skyrocket, but if that is not what they want then they will enter the market gradually and in a kind of a slow-motion to try to avoid to produce that result, this is very easy for them to do because they have bots that allows them to do it, and that's the best explanation that I have about the behavior that you are seeing.