I recently noticed the trend of the PIPPIN coin, and to be honest, it looks a bit familiar.

The typical old trick: after the price is pushed to a high level, it begins to move sideways, as if waiting for you to be unable to resist opening a short position. Once the short positions have accumulated enough, a sudden violent rally occurs, directly forcing short sellers into liquidation. There are already coins on the market that have collapsed with similar strategies; it's hard to say how long this pattern can last.

This kind of "first luring in, then forcing out, and finally unified harvesting" scheme is seen too often in the altcoin space. Friends participating in trading such coins should manage risk well. How long do you think this wave of operation can last?

PIPPIN33.21%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
9
Repost
Share

Comment

0/400

GateUser-d9db9896

· 9h ago

With a small position, I don't believe I can't make money.

View OriginalReply0

AirdropF5Bro

· 10h ago

It's the old trick of playing people for suckers again, I've seen enough of it already. --- I don't even dare to touch this kind of coin, afraid of getting trapped too badly. --- Ha, waiting to see the Get Liquidated show, PIPPIN probably can't hold on much longer. --- Brothers who missed out on short orders must be in a lot of pain, this kind of manipulation is really hardcore. --- A typical market maker's program list, whoever participates is GG, no discussion. --- I really doubt how long this kind of coin can be pumped. --- It looks pretty clear, but when it's in your hands, it's still easy to get played for suckers, I accept it. --- Don't ask, the answer is that risk control is not sufficient, that's why they fell for it. --- This time around, there will definitely be another batch of people paying tuition, the same old story with new actors. --- The bull trap and short squeeze trick is really worn out, the market only has this little drama.

View OriginalReply0

MerkleMaid

· 10h ago

It's just the same old trick of playing people for suckers, this wave of PIPPIN is indeed a bit familiar. --- Altcoins are just like this, the market makers control the market trend so obviously, it's really off-putting. --- What a scam, short positions are being harvested wave after wave, do people really dare to play with such coins? --- I've seen through it a long time ago, bull trap and short squeeze, it's always the same routine, it can't last for a few months. --- Risk control? Laughable, those participating in such coins are probably all gamblers at heart. --- PIPPIN is done for, I've already run away, don't want to be played for suckers a second time. --- It's really absurd, every time it's this same pattern, are there still people jumping in?

View OriginalReply0

MoonBoi42

· 10h ago

It's the same old trap again, I'm so tired of it. The market maker is only capable of this.

View OriginalReply0

TheMemefather

· 10h ago

I've seen this act too many times, it's really uncertain how long PIPPIN can last this time. --- There are only a few tricks the market maker uses, just switch to another coin and continue to play people for suckers. --- Hey wait, the timing for this short squeeze is a bit harsh. --- The altcoin crypto world relies on this set of tricks to make a living; it’s about time someone took action. --- I just want to know where the next lying in ambush point is. --- It's this old trick again, are there really people who will be fooled? --- It’s been sideways for too long, it’s bound to move eventually. --- I’ve already blacklisted this kind of coin, can’t afford to play. --- So risk control is always the top priority, or else you’ll get rekt. --- Can PIPPIN hold out until the end of the year? Feels precarious. --- Those who see through it but don’t say it make money, the rest are just cannon fodder.

View OriginalReply0

AirdropChaser

· 10h ago

I've seen too many tricks like this; PIPPIN is the standard market maker routine, a full cycle of short squeeze and pump. --- I've seen through it long ago, first dumping then pumping, waiting for suckers to fall into the trap. --- I directly pass on this coin; the risk is too great, can't afford to play. --- Sideways is just accumulating chips, waiting to play people for suckers in a wave. It's really enough to make one sick. --- It’s always like this; either I'm pessimistic, or I'm betting you can't resist. --- I've memorized this set of altcoin tricks; PIPPIN can't escape this curse either. --- Watching others get liquidated is quite painful; who will step into the trap this round? --- Bull trap, bear trap, and harvest, a full service, I've seen through it. --- Absolutely won't touch it; knowing it's a trap and still jumping in, you deserve to be washed out. --- To be honest, this model is really overused; it would be interesting to see something new.

View OriginalReply0

NoodlesOrTokens

· 10h ago

It's the same old trick again, the market makers can recite the script by heart. This wave of PIPPIN feels a bit familiar, anyway, I won't touch it. I've seen too many coins die from this bull trap and short squeeze combination. Suddenly pumping after accumulating short positions enough? Ha, classic harvesting mode. I really don't understand how many more people need to fall into this pit before they wake up. That's how the altcoin crypto world is, if you don't manage risks well, just wait to be cleared out. This kind of coin feels like it can't hold on for long, it will explode sooner or later.

View OriginalReply0

GateUser-209e3afa

· 10h ago

Are you referring to a bull?

View OriginalReply0

GateUser-209e3afa

· 10h ago

Yes

View OriginalReply0