#BinanceTrader
๐ Missed the train? Don't chase it! ๐
Did you see a coin suddenly rise by 100%? And thought, "I wish I had entered!" ๐คฆโโ๏ธ And now you're thinking of jumping in?
๐ Stop!
The train has probably left, and if you chase it, you'll be catching losses, not profits! ๐ธ
What exactly is happening? ๐ง
This is called "Pump and Dump":
Whales ๐ pump the price up strongly (they do the "Pump").
People see the rise and jump in with excitement (FOMO).
Then? The whales sell and take their profits, and the price crashes (they do the "Dump")! ๐
In summary, my friend:
Don't chase coins that have skyrocketed. ๐โโ๏ธ๐จ
Focus on coins with strong projects that haven't "exploded" yet. ๐
Understand the chart, study the fundamentals, and enter wisely. ๐ง
Not every rise means opportunity, and sometimes the best trade... is the one you didn't make! ๐