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After waking up, this lousy coin $PTB has surged another 17% out of nowhere, leaving late-night traders who didn’t get liquidated looking confused. Its 24-hour volatility is like a roller coaster—back and forth between 0.0005 and 0.0006. Nearly $10 million in trading volume is piled into this tiny range; experienced traders know this is the market maker washing bids and distributing.
This market is just like playing mahjong—someone else goes out and you throw the tile. Now you’re chasing the pump? First think about your stop-loss: enter at 0.00055; if it breaks, leave immediately—don’t hesitate. Take profit at 0.00065, and don’t exceed 30% position size. Don’t be dumb and go all-in to buy the dip betting on a reversal.
The coin’s price action is erratic. Don’t add to your position unless it drops below 0.0004 to gamble on a turnaround. Look at how far the historical high and low are separated—after a run-up, chasing higher is likely to get you hit with a loss.
If you don’t understand, ask in the comments section.