What does the currency circle mean by attracting more? A popular explanation of the currency circle’s inducement

Bull baiting is a market manipulation technique designed to trick traders into buying cryptocurrencies through the following steps: Sell heavily to create selling pressure in the market. Pretend to be in demand and buy in small quantities. Reversal the trend and attract buyers. Sell ​​and sell, the dealer makes a profit and leaves the market. Tips to avoid being bullied include: Don’t blindly follow the herd. Use stop loss orders. Watch carefully for unusual market activity. Diversify your investments. Do your own research and don’t rely on other people’s advice.

Cryptocurrency trap, popular explanation

In the cryptocurrency market, Bullcalling is a market manipulation technique designed to induce traders to buy a cryptocurrency, thereby driving up the price its price.

Steps to lure bulls:

1. Significant selling: Marketers sell cryptocurrencies in large quantities at low prices, creating market selling pressure, leading to a downward price trend.
2. Fake Demand: The bookmaker then starts pretending there is demand for the cryptocurrency, buying in small amounts and making others think there are more buyers ready to enter.
3. Reversing Trend: As fake buying increases, the price of the cryptocurrency is starting to reverse the trend and looks to be rising.
4. Decoy Buyers: The uptrend attracts real buyers who start buying the cryptocurrency, pushing the price even higher.
5. Selling: Marketers take advantage of this type of buying to sell the cryptocurrency they previously bought at a higher price and exit at a profit.

Characteristics of bull temptation:

• Sudden rebound after a sharp sell-off
• Lack of obvious buying support
• Abnormal increase in trading volume
• Market sentiment is high and full of optimism

Tips to avoid bull temptation :

• Don’t blindly follow market sentiment
• Use stop loss orders to limit losses
• Watch the market carefully and look for unusual activity
• Diversify your investments and don’t bet on a single cryptocurrency
• Always do your own research, don’t Rely on others’ advice

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