How to spot accumulation zones after a pump?

94 viewsCommunity Technical Support

How to spot accumulation zones after a pump?

I’m starting to notice that coins, after a strong upward move, do not draw a “pump and dump chart” anymore, like they were doing years ago, instead, they consolidate into a certain price range, and then they could pump even more.

It’s like micro-accumulation zones are formed after an upward movement, that allows the price to continue its rise; the worst scenario is just a little retracement, so, my question is, are there any indicators or volume patterns that could help to spot such accumulation zones?

Reshantha De silva Answered question July 29, 2024
0

It is more as you are going to study the waves movement for what you are asking for. The waves like Elliott can direct you or price action to have a clue to what is happening in the market for you to prepare your mind either for a breakout or continued ranging.

Reshantha De silva Answered question July 29, 2024
0