#SPK# is another repeated pattern, just like the previous wave, moving sideways to attract bearish traders to get on board, causing long positions to lose patience and use their opponents' positions to wear them down without incurring their own costs. Long positions lose patience and leave, while short positions taste the sweetness and increase the position, or firmly hold their short positions. The market maker patiently waits until a certain level of short positions is accumulated and then pumps, knocking out all the shorts. At this point, unwilling bearish traders start to increase their positions, and the market maker will keep knocking them out until there are no shorts left. Long positions observe that the rise is too high to get on board, and the market maker knocking out the shorts will lead to a fall. Long positions think the pullback offers a chance to get on board, but little do they know that what awaits is the graveyard of death! No retail investor can win in this game; stay away from such altcoins and go for the mainstream!

SPK-0.47%
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