2025-12-25 15:24:04

Have you ever wondered why it always drops when you enter the market and rises when you stop out? This is not a matter of luck, but because you haven't seen through the true intentions of the market makers.

Today, we will dissect a common manipulation tactic—let's call it the "Three-Stage Pump and Dump Method." This approach repeatedly appears in the crypto market, and understanding it can help you avoid many pitfalls.

**Stage One: Pump to Create Excitement**

The market maker suddenly surges the coin price, with a large bullish candle appearing out of nowhere, and the community starts to buzz. Various KOLs begin shouting buy signals, and as you watch the market performance, you think this is the start of a rally. But what happens next? You buy in, and the market maker starts to unload at the high. The most deadly part of this move is that it triggers FOMO—seeing others make money, you rush in without much thought.

**Stage Two: Dump to Trigger Panic**

A bearish candle breaks through support, followed by continuous declines, and stop-loss orders get liquidated one after another. You see your holdings shrink and your mindset collapses, leading you to give up and clear your position. Unbeknownst to you, the market maker is quietly accumulating at the low. This washout completes the cycle, turning retail panic into the market maker’s profit.

**Stage Three: Reverse Surge**

After shaking out retail investors, the market maker immediately reverses the trend, causing the price to skyrocket. By this time, you are already on the sidelines, only able to watch the missed gains. The role of the bagholder has now fallen to you.

From market observation, this tactic is very obvious in the ENA trend. Starting from the 3180 level, then rushing to 3600, the entire process follows this script. Those who understand this logic can act accordingly; those who don’t are forever chasing highs and selling lows.

What’s the key difference? Recognizing the market rhythm and the intentions of the main players. It’s not about complex technical indicators, but about understanding supply and demand, chip distribution, and psychological game theory. While others are guessing blindly, clear-minded participants have already seen through the rhythm.

By understanding these three stages, you can shift from being the one cut in the market to the one profiting from it. The crypto market is always replaying this story; the only difference is the participants and the coins involved, but the tactics remain the same.

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NeverVoteOnDAO

· 5h ago

It's the same old story, easy to say but who can really see through it? I just want to ask, how many can consistently make a profit?

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SchrodingerProfit

· 5h ago

It's the same old story, claiming each time that they've seen through it, but they still get washed out just like everyone else. If I had known I could avoid it, I wouldn't be called a retail investor, haha. I was also in on the ENA wave, but I still couldn't escape, it's hilarious. No matter how right you are, it doesn't matter; execution is the biggest enemy. Understanding it doesn't matter; if you can't get past the psychological barrier, it's all pointless.

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DeFi_Dad_Jokes

· 5h ago

Haha, it's the same old story. I just want to ask, if you've truly seen through it, why do you keep rambling about it? Everyone knows that the market makers are harvesting the little guys. The key is, even if you know, you can't change FOMO. I actually made a profit during that ENA wave, but not because I saw through any tricks—just pure luck. Reading this kind of article a hundred times, a single shake of the hand can still lead to a buy-in. The biggest enemy is probably your mindset.

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MetaverseHobo

· 5h ago

It's the same old story, heard it a thousand times --- ENA this wave is indeed tough, I am the one who got washed out --- You're right, but the key is how to identify it in advance --- Every time they say they see through the rhythm, but in the end, they still get slapped in the face --- This set of theories sounds great, but in practice, it's hard to tell which phase we're in --- The market makers aren't fools; it's impossible for all coins to follow such regular patterns --- I just want to know how not to become the bag holder; just talking about it is useless --- This logic is full of loopholes; retail investors never have an information advantage, how can they race against the market makers --- Makes sense, but the next coin will still be a trap to step into

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RektButSmiling

· 5h ago

Here comes this set of theories again. The nice way to put it is "seeing through the rhythm," but the harsh way is just guessing the dealer's intentions correctly. Constantly talking about supply and demand relationships and chip distribution—when it comes to actual combat, isn't it just like us guessing blindly? I really didn't see any difference in that ENA wave; it feels more like a hindsight strategist making up stories. Regarding this "sober participant" you mentioned, I want to ask—are they still at the table now?

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