What is a snipe in crypto?
Could you please explain what is meant by the term 'snipe' in the world of cryptocurrency? I've heard it mentioned in trading circles, but I'm not entirely clear on the specific context and implications of this action. Is it a strategy that traders employ to take advantage of market conditions? And if so, how does it work? Additionally, are there any risks associated with sniping in the crypto market that investors should be aware of?