# How Can a Candlestick Chart Pattern Known as a 'Long Upper Wick' Indicate the 'Dump' Phase? ⎊ Path

**Published:** 2025-12-04
**Author:** Greeks.live
**Categories:** Path

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## How Can a Candlestick Chart Pattern Known as a ‘Long Upper Wick’ Indicate the ‘Dump’ Phase?

A long upper wick, or shadow, on a candlestick indicates that the price traded significantly higher during the period but was pushed back down before the period closed. This pattern suggests strong selling pressure from the top, which is characteristic of the 'dump' phase.

It shows that the initial high price could not be sustained as the manipulators sold their holdings.

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## Glossar

### [Strong Selling Pressure](https://learn.greeks.live/area/strong-selling-pressure/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Impact ⎊ Strong selling pressure within cryptocurrency, options, and derivatives markets signifies a disproportionate volume of sell orders exceeding buy orders, leading to accelerated price declines.

## Discover More

### [What Is the Ethical Dilemma of Promoting a Coin You Plan to Dump?](https://learn.greeks.live/path/what-is-the-ethical-dilemma-of-promoting-a-coin-you-plan-to-dump/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is the Ethical Dilemma of Promoting a Coin You Plan to Dump?](https://learn.greeks.live/wp-content/uploads/2025/10/Abstract-Visualization-of-Cross-Hatched-Collateralized-Debt-Positions-Versus-Synthetic-Option-Replication.webp)

Misleading others for personal gain by creating artificial demand and causing subsequent loss.

### [How Does the Distribution of Developer Grants Influence the Long-Term Sustainability of a Protocol?](https://learn.greeks.live/path/how-does-the-distribution-of-developer-grants-influence-the-long-term-sustainability-of-a-protocol/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does the Distribution of Developer Grants Influence the Long-Term Sustainability of a Protocol?](https://learn.greeks.live/wp-content/uploads/2025/10/Illuminated-Spindle-Mechanism-Reflecting-On-A-Near-Perfect-Parabolic-Surface-Data-Structure.webp)

Grants fund external teams, fostering a diverse, organic ecosystem and reducing reliance on the core team, which is key for sustainability.

### [How Does This Pattern Relate to the Concept of Atomic Transactions in Blockchains?](https://learn.greeks.live/path/how-does-this-pattern-relate-to-the-concept-of-atomic-transactions-in-blockchains/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does This Pattern Relate to the Concept of Atomic Transactions in Blockchains?](https://learn.greeks.live/wp-content/uploads/2025/10/Asymmetric-Glass-Abstraction-Modeling-Liquidity-Provision-in-Decentralized-Exchange-Order-Books.webp)

The pattern enforces a safe order of operations within an atomic transaction to prevent hijacking of the execution flow.

### [Which Option Greek Is Most Important for a Long Option Position to Overcome Theta?](https://learn.greeks.live/path/which-option-greek-is-most-important-for-a-long-option-position-to-overcome-theta/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![Which Option Greek Is Most Important for a Long Option Position to Overcome Theta?](https://learn.greeks.live/wp-content/uploads/2025/10/Decentralized-Autonomous-Organization-Governance-Token-Strike-Price-Mechanism-Visualization-High-Frequency-Hedging.webp)

Delta is the most important Greek, as the profit from a favorable price move (Delta) must exceed the daily loss from Theta.

### [How Are Options Used to Hedge a Long-Term Cryptocurrency Spot Position?](https://learn.greeks.live/path/how-are-options-used-to-hedge-a-long-term-cryptocurrency-spot-position/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Are Options Used to Hedge a Long-Term Cryptocurrency Spot Position?](https://learn.greeks.live/wp-content/uploads/2025/10/Asymmetric-Cross-of-Mint-Green-and-Beige-Clock-Hands-Over-Abstract-Dark-Cyan-Quadrants.webp)

Buying a Put Option (Protective Put) locks in a minimum selling price, protecting the spot position from market downturns.

### [How Can Options Be Used to Hedge a Long Position in a Cryptocurrency?](https://learn.greeks.live/path/how-can-options-be-used-to-hedge-a-long-position-in-a-cryptocurrency/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Can Options Be Used to Hedge a Long Position in a Cryptocurrency?](https://learn.greeks.live/wp-content/uploads/2025/10/Abstract-Visualization-of-High-Frequency-Trading-Execution-Amidst-Decentralized-Finance-Option-Structures.webp)

Buying a protective put option allows an investor to set a minimum sale price, limiting the downside risk of their long crypto holding.

### [Does a High Volume of Small Trades Necessarily Indicate High Market Depth?](https://learn.greeks.live/path/does-a-high-volume-of-small-trades-necessarily-indicate-high-market-depth/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![Does a High Volume of Small Trades Necessarily Indicate High Market Depth?](https://learn.greeks.live/wp-content/uploads/2025/10/Radial-Sector-Visualization-of-MultiAsset-Collateralized-Debt-Obligation-Tranche-Decomposition.webp)

No, high volume of small trades is high activity; high market depth is high volume at various price levels, indicating large-order absorption capacity.

### [What Are the Typical Characteristics of a Crypto Coin Targeted for a Pump and Dump?](https://learn.greeks.live/path/what-are-the-typical-characteristics-of-a-crypto-coin-targeted-for-a-pump-and-dump/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Are the Typical Characteristics of a Crypto Coin Targeted for a Pump and Dump?](https://learn.greeks.live/wp-content/uploads/2025/10/Crossed-Delta-Hedging-Instruments-Illustrating-Liquidity-Provision-Across-Layer-Two-Scaling-Solutions.webp)

Low market cap, low trading volume, poor liquidity, and lack of clear utility or established development team.

### [What Is the Typical Role of Social Media in Executing a Crypto Pump-and-Dump?](https://learn.greeks.live/path/what-is-the-typical-role-of-social-media-in-executing-a-crypto-pump-and-dump/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is the Typical Role of Social Media in Executing a Crypto Pump-and-Dump?](https://learn.greeks.live/wp-content/uploads/2025/10/Asymmetric-Equilibrium-Depicting-Digital-Asset-Volatility-Surface-Hedging-Strategies.webp)

Social media is used to create hype, spread false information, and coordinate the buying and subsequent selling phases of the scheme.

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