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In the pair to bitcoin, there is a significant redemption of volume. Perhaps some kind of pump group is gaining. It should be understood that this is a risky asset of the so-called 3rd group with relatively low liquidity, which just use such fraudulent formations. Pump/dump and goodbye, no accumulation.
Main trend. The trading pair to the dollar. Logarithm. Time frame 1 week.
In the final phase of its formation, a descending wedge. Declines from the pumping peak -98%. The price is at its dynamic support. The potential local movement of +96% to the resistance of the formation inside the band. Further on, what the situation will develop.
On such coins, it is rational to sell with a grid of pending orders near the major resistance areas. I would recommend using a small percentage of one's trading depo in such coins and work with “down-to-earth objectives”, so to speak. It is quite possible that there can be squeezes, and stops can be taken under the base of the wedge, it should be understood from the beginning.