$SHELL so all this talk about a market maker manipulating the price was all a facade. No wonder you couldn't give the name of the MM. It's the team all this while. Binance keep this up, your days are numbered. 😡
$SHELL now that the market marker is banned, who is still manipulating this token? Binance and SHELL team should send the price back to its original price upon listing. Or else we may also suspect them.
It was a refreshing news that Binance conducted an investigation into the conduct of the market marker responsible for $SHELL and $GPS
The community is also happy that punitive measures have been taken against the said market marker.
However, the proposed compensation should be holistic. These two coins were already being traded on several exchanges before Binance listing, including spot and futures.
@Richard Teng @CZ I suggest that the confiscated assets from the market marker be reinvested into the respective tokens. Thus, returning the token price to what it should have been had the market marker not manipulated it. Community should also be allowed to vote on how long the market marker asset should be locked in the respective tokens.
Binance has gained credibility over the years, it will be regrettable if the public trust erodes with incidents like this. Interestingly, $SHELL is from Binance labs.
On the list of my favorite coins, I can see bullish signals on virtually all the coins. Though we can't call it a market rebound because most tokens are yet to get back to the entry point of most traders.
Don't be in a hurry to sell. We must make profit on every sale. Like I said in my previous post, while we're in the festive season, keep you eyes on the chart. 👀
Recall I mentioned this yesterday. Never sell your assets when the market is down. Rebound might be immediate.
You can imagine some folks who sold during yesterday's correction, are now buying back at a higher cost. Trade strategically. The bulls are still in charge. 🚀
For newbies in the crypto space, $BTC dominance often drives the direction of the market. If it is red, most alt coins will be red, and vice versa.
Set your mind at ease, it's probably going to dip but no one can exactly predict how low it will go. However, one thing is certain, it's going to rebound. The bulls are still in charge. Remember that something significant will happen by January next year. 😉
Everywhere is red! Some portfolio are down by more than 50%. 😭
But do not panic, do not sell at a loss. You will be surprised at the speed at which the market will rebound after many sales from weak hands.
And guess what? The Whales are loading their bags.
If you still have some USDT in your portfolio, make sure you buy each dip of your favorite coin. 🤔 So when the market returns to your initial purchase price, you will have some profit. 🤑