Grimace is a new cryptocurrency that has gained attention on Tw**ter, particularly due to its connection with Mc*Don*ld's. Recently listed on Mexc exchange. More listings expected soon ;)
Based on the Wyckoff method, we can anticipate a potential liquidity grab and the formation of a "Spring" phase in Phase C. Market makers may intentionally push the price lower to trigger stop-loss orders and accumulate positions at more favorable prices.
One key indicator to consider is the increasing volumes observed at the support level. Higher trading volumes near the support level suggest that market makers are actively accumulating positions.
I will wait for the price below $4.5 and activation stop loss of traders. After which I can open a position with x10 minimum targets.
Based on the Wyckoff method, we can anticipate a potential liquidity grab and the formation of a "Spring" phase in Phase C. Market makers may intentionally push the price lower to trigger stop-loss orders and accumulate positions at more favorable prices.
One key indicator to consider is the increasing volumes observed at the support level. Higher trading volumes near the support level suggest that market makers are actively accumulating positions.
I will wait for the price below $4.5 and activation stop loss of traders. After which I can open a position with x10 minimum targets.