technical approach
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Binance is damaging its reputation!
I will never rush into buying a newly listed coin again. What surprises me the most is $BIO.
I couldn't find detailed information on $BIO’s Binance listing and price action right now. However, if it's behaving like other newly listed coins, it likely experienced:
1. Initial Pump – A sharp price surge due to FOMO (fear of missing out) and early excitement.
2. Sudden Dump – A quick sell-off as insiders or early investors take profits, leaving late buyers stuck.
3. High Volatility – Wild price swings that make it difficult to trade safely.
4. Liquidity Issues – If volume drops fast, it can cause further instability.
5. Binance’s Role – Sometimes, listing hype overshadows fundamentals, leading to speculative trading rather than real value.
Did you get caught in a bad trade, or is something else standing out to you about $BIO?
$BIO
#USJoblessClaimsRise
I couldn't find detailed information on $BIO’s Binance listing and price action right now. However, if it's behaving like other newly listed coins, it likely experienced:
1. Initial Pump – A sharp price surge due to FOMO (fear of missing out) and early excitement.
2. Sudden Dump – A quick sell-off as insiders or early investors take profits, leaving late buyers stuck.
3. High Volatility – Wild price swings that make it difficult to trade safely.
4. Liquidity Issues – If volume drops fast, it can cause further instability.
5. Binance’s Role – Sometimes, listing hype overshadows fundamentals, leading to speculative trading rather than real value.
Did you get caught in a bad trade, or is something else standing out to you about $BIO?
$BIO
#USJoblessClaimsRise
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