Recently observed a range of $MYX , $COAI , $LIGHT , #BEAT cryptocurrencies, which appear prosperous on the surface, but are actually fraught with undercurrents.
Liquidity seems decent, and price fluctuations are quite fierce, but this kind of market is often a script designed by humans.
A few small large orders can easily pump or dump the price; once FOMO sentiment is ignited, trend-following traders swarm in.
The problem is—when the price turns downward, the market depth instantly thins, and buy orders cannot be filled, leaving retail investors trapped at high levels.
The trend of LIGHT is a typical case: suddenly dumped in the early morning, and the bulls didn't react in time before being washed out.
This method has long been an “old trick” in the small cryptocurrency circle—short cycles, fierce fluctuations, and quick to zero; the ones making money are always the few who positioned themselves early or successfully offloaded their chips to retail investors.
Currently, the overall altcoin market has not stabilized, so don't rush to bet on fluctuations with a full position.
It is recommended to focus on directions like XPIN, NIGHT, BEAT, and wait for clearer signals before taking action.
Remember, the market doesn't lack opportunities; what it lacks is the patience to wait.
