$BTC 🚨🚨🚨🚨🚨

Today I learnt a 🆕 WORD for 1st time So thought to share 🙏 it with u all.

Many out of u may be aware also.

News 📰:- 😳 😞

A whale known as "SPOOFY" is reportedly using spoofing tactics to suppress Bitcoin's price below $87.5K,

with resistance now clustering around $89K to prevent organic upside momentum.

Let’s Dive in what’s SPOOFY ?

If a trader place MARKET order to BUY or SELL any assets & then

CANCEL ❌ it even before order execution is known as SPOOFY.

In Fact it’s way to just a way to create FALSE/FAKE order with ZERO 0️⃣ intention to see them executed.

USE OF IT :-

Whales 🐳 uses BOTS 🤖 or some algorithm to place higher no of buy/sell orders & then cancel ❌ it b4 execution.

And it’s used just to MANIPULATE price or trend movement.

Disclaimer:- It’s considered as an illegal practice.

#CRIPTOHINDUSTAN #WhaleMovements #VoteToDelistOnBinance #BinanceAlphaAlert #SECCryptoRoundtable