Winkusdt
WINK 1D If you don't want a deposit drawdown of -80% read belowIt seems that crypto players have decided to pump most of the coins that are related to the TRONblockchain TRX TRC-20
For your attention, WINK which for 1.5 years, was not interesting to anyone and is not needed, and from the beginning of 2021 it began to grow steadily.
But the most interesting are the last 2 weeks, during which WINKUSDT is actively pamping, the growth at the moment is +785%. It got to the point that the last two green daily candles show a +100% gain per day, and the daily trading volume of $2.5 billion+ at the moment was the largest on Binance among all trading pairs.
This idea is written in order to warn: "Everything that takes off high and without correction can very painful fall."
We do not know if there is any solid foundation for such a sharp pump, but the graph shows two facts:
1. The first liquid zone , where there was at least some consolidation, is 72% below the current price .
2. A really solid and liquid level that will pull the price towards itself is minus 87% of the current price.
Take these facts into account when making your trading decisions.
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WINK/USD - Parabolic rise facing gravity resistance... ⛔If you wondered why BTC is losing market dominance, here is a great chart to explain it.
Some selected altcoins like WINK have made over 30x gains in the past few months and in this particular case we have 5x in 5 days. Talk about doubling your money, lol.
However, there is this law discovered by Isaac Newton called gravity and that law states that: any particle of matter in the universe attracts any other with a force varying directly as the product of the masses and inversely as the square of the distance between them .
In this case, the gravity pull will be towards mean price and that is very far away from where WINK is currently at. It will require more than a 80% price drop from here to reach our mean price. Any more pump and we will walk on the moon with Wink.
The yellow parabola also shows that the distance between the parabola and price has widen significantly. Sustaining such price levels require exponentially more money to maintain. Hence, it will be a quick fall when the money dries up.
What am I hinting at? Best to secure profits after such a run, don't get greedy, what you have here is the best greed can offer. So take your profit and enjoy it. Give price time to show what is next, and in this case another pump becomes more unlikely than a drop, risk/reward favors shorts.
Some support is found on the Fib 161% level, if that won't hold there is more support lower and the best candidate to stop any significant drop is at Fib 38%.
Bullish bias can be maintained only if we set a new high. Lets see how today's candle closes. Until then, enjoy your profits.
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