You are viewing a single comment's thread from:

RE: Introducing our first Crypto Market Scanner

in #trading7 years ago

JUST A HEADS UP GUYS!
I don't know if anyone has mentioned this yet, and I'm sure a lot of the experienced guys are aware, but for all the newbies out there!
The scanner is picking up a lot of price drops that are dropping from pump and dump groups! Be very careful of these because after a pump and dump group has pumped up a low volume coin 50-100% (you will notice its just one huge green candle coming out of nowhere!) The scanner will notify us after it drops down a bit. The thing is if this is from a pump and dump group, that price is not going back up. The only reason it went up is because a group of people got together and bought the price way up and are waiting for people to buy in so they can dump the price right back down onto the unsuspecting people not in the group. a lot of the time they are actually dumping the price on people inside their own group who are trying to get in late as well.
just keep this in mind when using the scanner!
Happy Trading.