#notcoin The Danger of Trading Meme Coins
4. Fraud and Manipulation
- Many projects end with a "Rug Pull."
- There is no regulatory oversight to protect investors.
📉 Real-Life Examples
- The Squid Game coin skyrocketed thousands of times and then suddenly disappeared, leaving investors with massive losses.
- Coins like Bonk experienced enormous spikes but lost more than 80% of their value within days.
🧠 How to Protect Yourself?
- Only invest what you can afford to lose completely.
- Monitor trading volume and liquidity before entering.
- Use indicators like RSI and MACD to determine entry and exit points, but do not rely on them alone.
- Avoid being swayed by the "hype" and study the project in depth.
♟️ Trading Meme Coins... Similar to a Chaotic Game of Chess
Like in chess, every move has a cost. But in meme coins, the opponent is invisible, and the rules change every moment. Those who survive are not necessarily the smartest, but the most disciplined and able to withdraw at the right time.
