WARNING ABOUT FUNDING SCAM ON BINANCE FUTURES – DON'T BECOME A VICTIM LIKE ME!
⚠️ Recently, I became a victim of a sophisticated scam scenario on Binance Futures, where traders are gradually drained by funding fees after being lured into a well-designed trap. This is how they manipulate:
1. List a worthless junk token: No application, no real liquidity. Only 2–3% of the supply is airdropped, the rest held by the team and the exchange. There are almost no sellers in the spot market, but futures have opened immediately.
Binance does everything to maintain the price of bnb and gradually release it, once the KPI is met, there will be a drop of 70-80% for those holding bnb to marvel at 😂
Trading Insight_DN
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Binance announces the 14th project Babylon (BABY) on Binance's HODLer Airdrop! Earn BABY by signing up for BNB Simple Earn to receive the Airdrop. A project that allows direct self-managed staking of BTC on the Bitcoin network to enhance the security of Proof of Stake (PoS) blockchains.
- Users who have registered BNB in Simple Earn products (Flexible and/or Fixed) and/or Yield on-chain from 07:00 on March 7, 2025 (Vietnam Time) to 06:59 on March 13, 2025 (Vietnam Time) will receive an airdrop allocation.
Binance will then list BABY at 17:00 on April 10, 2025 (Vietnam Time) and open trading for pairs USDT, USDC, BNB, FDUSD, and TRY. Seed cards will apply to BABY. Users can start depositing BABY 6 hours after this announcement.
Details about the HODLer Airdrop BABY Token name: Babylon (BABY)
Total initial token supply: 10,000,000,000 BABY
Maximum token supply: Unlimited (annual inflation of 8% in the first year. Inflation rate from the second year onwards depends on governance proposals)
HODLer Airdrop token rewards: 75,000,000 BABY (0.75% of total initial token supply)
An additional 121,600,000 BABY will be allocated for other marketing campaigns (in batches) 6 months after listing on Spot Trading. Detailed information will be available in a separate announcement.
Total token supply when listed on Binance: 10,015,636,491 BABY
Circulating supply when listed on Binance: 2,294,036,491 BABY (22.90% of total token supply)
Network details: Babylon Explorer (will be available upon public launch)
Under the crypto community's mentality of hoarding goods + FOMO, the "person behind" the price pumping phases that push the price up phantom has been pouring it into everyone's heads without fail since yesterday 😂
What is SMA, EMA? Why do the prices of currency pairs always return to check this line???
- If you guys don't know what MA is, you shouldn't participate in this market, MA is considered the holy grail in all financial markets!
- MA means "moving average", SMA 14 means the moving average of the 14 most recent candles!
- In other words, you can consider SMA 14 as the average price of that asset within 14 candles
- This average price is considered the price at which buyers are willing to buy that asset => this is where the balance between the Buyer and the Seller
- When the price crosses the MA line, it shows that the BUYER has a greater demand to buy than the SELLER => this is a buy signal
- When the price is lower than the MA line, it shows that the demand to buy is weakening, at this time whoever owns the coin and sells first will make a lot of profit => a sell signal
- The EMA line is a weighted MA line, meaning that it uses the 2 most recent candles (default) to align the MA line to suit the market, EMA is trusted by most people!
- The common MA/EMA lines are 9, 12, 26,... equivalent to a week and a half, 2 weeks, 1 month (the forex market only has 6 days / week) => when switching to the 24/7 crypto market, these numbers may be different, but most people still use the same EMA lines as the forex side (EMA 50, EMA 100, EMA 200...)
- In addition to EMA, there are hundreds of other MA lines such as DEMA, TEMA, WMA, VWEMA, HMA, ...
** The Crypto market sometimes runs too virtual, maybe because people are too FOMO while few people really know what MA, EMA are :(
There are many people who use the news that Russian President - Putin accepts cryptocurrency (for a few days now) to lure people into fomo, but in reality, without thinking, you will see that BTC sweeps long/short on US time + releases US news!
Let's say it's related to Putin, everyone knows that the US and Russia are like fire and water, so what's the reason for pumping BTC???
=> when you see posts like this, you should block them all, it's a bit sad that they are as numerous as the Yuan army, just skimming through dozens of posts...!
** As for the BTC price steering today, it is true that it is only a long/short sweep, but the news is just for show (rationalizing the long/short sweep action) => many people say that it is because the exchange manipulates, it sounds reasonable => then you can divide your capital or switch to another exchange to play, avoid a monopoly exchange and then take your own money to defeat you :))
Since this morning, there has been a whale pumping up the virtual BTC price, every afternoon when there is a lack of liquidity, he pumps it up again when it breaks the bottom; now it seems like he is still pumping... 🤬🤬🤬
If it collapses, then coinglass will announce that a long position worth 100M USD was liquidated, then you will be satisfied, and you will stop telling on me :))
But also learn from experience, in the afternoon there is often a lack of liquidity, so you are often controlled by whales, you should not participate in the market at this time! 😡
- Square weekly candle close, generally bad - Volume (Binance floor) has not increased significantly - Proving that whales have not sold all their goods yet :))
=> Maybe everyone should prepare mentally that it will collapse another 5-10k this week :((
First, I divided the amount into 6-7 times, then only used a part for DCA futures purposes, but for this part I used a leverage of X6 so I had the same amount of DCA capital as the amount of money. I plan to invest!
The remaining 5 parts can be flexibly staking USDT => so that when the DCA capital shows signs of being liquidated, I can withdraw it!
In the worst case, if the coin loses 100% of its value, you have to deposit the rest to cover the loss...
In general, it is no different from holding SPOT coin, unless the coin collapses, but when it recovers, it will still be removed, still profitable => you should only DCA top coin like BTC, ETH, SOL,... but if DCA coin is damaged then it will break. face :))
*Using leverage can also create fake liquidity zones on the coinglass chart, and I think whales and sharks will also notice and will sell short to sweep up liquidity, but who would have thought that I am a citizen? If you play, you won't get to 0% if the price drops, it's a discount for everyone, so I call this the DCA method of killing the liquidity-eating whales :))
*DCA, you should only DCA LONG orders, because increasing the price is easy but decreasing the price is difficult (Money just prints more money)
*When you feel the coin price has increased too much, you can open a DCA bot in the opposite direction to earn more profits :))
*Suppose the price drops by 90% and you still have money to invest, you can buy more SPOT to balance the DCA, or open a futures order with x1 leverage, it's okay :))
*** In my opinion, very few people withdraw the money that people have invested in SPOT (HODL) style, unless the market crashes... so I also DCA HODL TO DIE 😅
The 1M chart shows that if the August candle closes below 53k, I don't think it will stop at the 48k7 resistance line because it is very close to 53k and will fall to 32k...
But the July candlestick shows that this is a bullish candlestick, today's candlestick 1D is also showing signs of being a hammer candlestick, so there is a higher chance that this August will still increase in price!
** The above is just a basic way to apply candle reading that you can find everywhere on the internet...!
Backtest indicator is known as the best - Purple Cloud :))
Coin test: Solana Total profit after 6 months: 10% Maximum total loss: (35.2% => 45.22%)
**Successful traders share that their annual PnL is only 20-30%
**Order entry strategies such as MACD, RSI, ... can be converted to BOT, and this strategy can be tested on tradingView, and as you can see, the PnL of the Purple Cloud indicator is rated by some youtubers High prices are only 10-20%/year with a large decline!
**With this low profit, HODL coin or staking can bring even better profits :))
**One of the better strategies is DCA with PnL 10-20%/year
...
What is your annual profit on the Cryoto market currently???