A Case Of Shots & Pumps Vs The Technical Analysis

Crypto is a very interesting platform because it’s a wild platform where people can make money, lose it or gamble regardless of the situation. Crypto was created to be accessible to all, its decentralization made it so easy for anyone to create a token, add liquidity and gamble their way to the top or to the bottom. There are currently a lot of tokens created just for fun, hence the reason we have a pump fun platform where people come to trade hoping they will buy a token that will pump and make some cool profit. As for people who spend most of their time analyzing the market, using their technical analysis to predict the future, it’s obvious that technical analysis is not fully valid any more.

Crypto is filled with a lot of people who really don’t care about the technology, instead they care about making money, most of them are ready to deploy hundreds of thousands of dollar on a project, to attract the retail small investors into investing hoping they can make some profits too. Yesterday the former president of the United state of America, Donald Trump was shot at, an attempted assassination but it failed. The crypto community showed their support by creating a lot of Trump meme coins, while previous Trump meme coins pumped. This is due to the sentiments attached to the event that occurred yesterday. Lots of people are showing support to trump in their best way through crypto.

Trump tokens across chains saw a massive pump, this is their way of saying they support trump, this counters everything a technical analyst must have analaysed few hours ago. Imagine a technical analyst who analyzed that a coin or token was going dump due to their analysis, only to see trump get shot at giving the market a different movement compared to what they predicted.