A Special Alert for my Binance Family & All New Traders!!!
Beware of Pump & Dump in Crypto Trading!!!
New traders often get caught in flashy price spikes—but here’s what you must know:
What is a Pump & Dump????
A group hypes up a coin to pump the price fast. Once it hits a peak, they dump it—leaving late buyers with losses.
How to Spot the Trap:
Sudden price spikes with no real news
Telegram/Discord groups pushing one coin
Low-volume coins being pumped
Price moves + social hype, not strong fundamentals
Smart Traders Do This:
Avoid buying after a big green candle
Wait for price to settle or pull back
Always check volume and news sources
Set stop losses and manage risk
Key Rule:
If it looks too easy or fast—it’s probably a trap.
Stay alert!
Trade smart!
Protect your capital!