Price starts at X.
Not enough volume for cA(Corp A) to accumulate so cA pumps the price to X+1.
cA buys up all the sellers at X+1. This process takes a few days to draw out all the sellers.
Cont..
If it was normal circumstances it will retrace about 30-50% of the pump, but for cA to accumulate they will need to keep buying it up to prevent the sellers from selling it into new buyers hands.
Cont..
Same process of accumulation happens at X+2, therefore u won’t see much drop in price. Once again this takes a few days.
Cont..
A patient accumulator could drag this process out over the period of months. Which I believe is what happened between $2-$4.
Cont..
I believe the price was also suppressed by the team selling some tokens to expand and pay employees. This is expectable from a startup, funds are needed to expand.
We should be glad that they did it then and not now.
Cont...
They obviously know time is of the essence and can’t wait months to exhaust the sellers at each level.
Why is it of the essence? What’s coming up next?
Cont..
Price action, TA, chart readings are methods to read human psychology & market sentiment through price movements.
Use it to your advantage to read into the minds behind the order books.
Cont.
We know for certain Smart Con is coming EOM.
We know the price action is bullish AF, signs of very hasty accumulation.
What do you think is happening behind the scenes?
Everything will be #PoweredByChainlink.
Sell now and you WILL get rekt.
$LINK
🐸🚀😎