$PTB Market Psychology: Retail FOMO vs. Whale Liquidity 🐋
The Hook: Is the pump real or just a trap for "Late Longs"?
Detailed Analysis: Psychologically, the $0.0030 level is a major round number. Retail traders tend to buy when they see a clean breakout above such levels. However, if you look at the Order Book, there are huge sell walls sitting just above $0.0032.
This suggests that "Whales" are using this pump to trigger "Buy Stops" of shorters, only to dump their spot holdings. Don't be the exit liquidity. Shorting the exhaustion is the play of the day.
Key Level to Watch: If 30m candle closes below $0.0030, the "Waterfall" begins.
Final TP: $0.00220 (The original dump support).
SL: $0.00340
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