Verge coin is pumping (Part I)

in #verge7 years ago

Recently I have been trading Verge coin, as lots attention has been paid into this coin (last week). But when the volumes fell down, I left this coin too, with some positions still hanging. Now few of them sold already, as this is clear pump going on right now.

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Next 1-2 hours will show if this is short pump and dump, or this will be longer (few hours course). Now I am following the overall chart trend, and buys sells, specially big whales, looking where the whales are pushing the price.

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If the uptrend will continue, I might enter into some price, and "ride the wave for a bit".

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I see a few coins going up right now, do you know why?

most of the alts going up because of bitcoin, some on their own, the rest is pump.

Yeah, it's about time to go up. Many possible reasons, here is few:

  1. The correction lasted few days, and altcoins dropped in prices,
  2. Chinese New Year, so China people didn't do many trades.
  3. XEM hack, and investigation of the case, and other negative news, towards cryptos.

And ofc, market is market, no one can fully say what market thinks!

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