Why did $RIVER increase by 5000%?


Why did $KOMA decrease by 99%?
Today I will use RIVER and KOMA as examples.
On the left is the chart of $RIVER at its bottom, with a market capitalization of about 55 million dollars.
- When RIVER dropped to the support zone at $3, many people bought in.
- Then, RIVER continued to fall sharply by another 50%, causing panic among buyers and stop-losses because there was no support zone left on the chart.
- Look at the H4 candle of RIVER at the bottom; it is very small, but the trading volume is very high. This indicates that many people are buying and selling in this area.
- I infer that with no support zone left on the chart and a market cap of 55 million dollars, no one dares to buy anymore.
- And I further infer, who would buy at the bottom to create such high trading volume? -> Only market makers would dare to buy.
-> And then $RIVER rose from $1.6 to $80.
Look at the KOMA chart when there is a strong bullish candle with high trading volume, and KOMA’s market cap is... 10 million dollars.
- At this point, everyone will think that because of its small market cap, it has potential, and as the price rises, many will buy in.
- But the crowd has never won.
- Therefore, despite its small market cap, KOMA will continue to decline because the supply from the KOMA team is negligible.
KOMA0.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin