Is Pump and Dump a Manipulative movement in the crypto market? Let's Review!!

I just read a review written by one of the Steemians named @oscardavid79. When friends have long jumped into the world of the crypto market, the demands must be understood with pump and dump on the crypto market.

Especially on derivative markets, pump and dump is something that crypto traders are afraid of if they set up opposite trading positions.

Is pump and dump a market manipulation, or is it a movement of a market structure that is studied and understood?

Let’s look at it!

Let’s look at it! Basically, a pump or dump is a significant movement in a short time. Usually, this is influenced by something, whether it’s good news or bad news, which impacts price movements.

_{This is a fast movement of XRP tokens within 15 minutes.}

Steemians can see in the image above significant movement of up to 4% in just 15 minutes. This has a big impact on the market, especially derivatives.

Then, after the significant rise, it was clear that the price of the XRP token immediately jumped down more than 4% in less than 30 minutes and surpassed the previous price.

Certainly, people will see this as a manipulative and detrimental pump-and-dump movement by crypto retail traders.

_{Movement is simple if we use the lines to see the market structure.}

If friends pay attention to the price candle of the XRP token movement, it will surely be confusing.

However, if viewed from the structure of the market, it can be seen that after the price has risen, it drops and rises again, but does not exceed the previous high, and then falls lower than the previous rate.

And now the price of the XRP token is trying to fall below its previous low price.

This is the market structure mechanism.

I’ll give you a more detailed example of the price movement of the Bored Ape token from my analysis yesterday.

_{I'm sure friends will feel confused by this.}

Then, what about the analysis image below that I have drawn in the form of a simple line following the candle market pattern?

_{Do you still feel confused too?}

Then what about this last image, which I've labeled with a red gari?

_{Is this one easy to understand?}

If taken carefully, it is a normal movement in the formation of market structures, whether it is pump or dump.

Pump-and-dump is a natural movement within a market structure.

And for those who already understand the structure of the market, pump and dump is something that is waiting to continue the trend of movement according to the market structure.

I think my friends can draw conclusions from pump and dump, which I just explained is not a form of manipulation but a thing that exists in the formation of market structures.

If friends have questions about this topic, they can comment.

See you!!!