psychology literally the tool that the whales use to profit like they are taking advantage of sudden artificial dump to accumulate, and sudden flash pump to make people fomo into giving out their moeny for free to harvest for these whale.
you see the chart of most of coins its full of psychology play, sometime there's dead cat bounce to attract people by taking advantage of their psychology into thinking that the bottom is here but actually thats not true and price further tank and the people that long are the ones getting liquidated, free money for the whales.
pretty much everything in this world just revolve around psychology so trading is not an exception the TA is just a bonus factor to know that something maybe is happening but you can never guess whats truly happening since TA quite literally just trying to make sense of the chart even though it never make sense in the first place but it sort of tool for people to give themselves guideline.
the people that don't believe in psywar int rading are the people that just don't know what they're doing and should know that the TA sometime inaccurate because the entire market chart is more than just some TA.
That is such a low life thing to do and yet whales still do it. Manipulation of the market to make people "feel" something and then doing the opposite to make people lose money while whales gain all of it is not only illegal in most stock cases, but also very shitty in crypto as well. Psychology is something we need to recover, and act more like whales instead, when they want us to sell, we should be buying, and when they want us to buy, we should be selling.
This way we would be moving with them, and not going against them, whales are much better in this game then us. Sure that gamestop thingy made it possible for us to see how it works, and retail investors made some money, but it is not really that common when you think about it.