Jackie Looser

Binance Fake Coin Pumps 😓:

"Fake coin pumps" are a common issue in the cryptocurrency market, where the price of a coin is artificially inflated through coordinated buying, only to crash shortly after. This can lead to significant financial losses for unsuspecting investors.

Recent Examples: DF and FIS

Recently, coins like "DF (dForce)" and "FIS (Stafi)" experienced sudden price surges on Binance. These pumps, however, did not sustain for long, with neither coin maintaining a rise above 40% for more than 15 minutes. Many investors, hoping to catch a rising rally, ended up buying at inflated prices and suffered losses when the prices quickly fell.

How Fake Pumps Work :-

1. " Initial Surge" : A group of traders or bots start buying a specific coin in large quantities, causing a rapid price increase.

2. Hype and FOMO : This sudden rise attracts other investors, driven by the fear of missing out (FOMO). They start buying in hopes of quick profits.

3. Dump : Once the price reaches a peak, the initial buyers sell off their holdings at the high price, causing the price to plummet.

4. Crash : The price falls rapidly, leaving latecomers with significant losses.

Technical Indicators of Fake Pumps :-

1. Volume Spikes : Genuine price increases are usually accompanied by consistent trading volume. Fake pumps often show sudden, large volume spikes.

2. Short Duration : Real price rallies tend to sustain over longer periods. Fake pumps typically last only a few minutes to an hour.

3. Lack of News :- Authentic pumps are often driven by positive news or developments. If there's no substantial news, be cautious.

Protecting Yourself

- Research : Always research the coin and look for credible news or developments.

- Set Limits : Use stop-loss orders to limit potential losses.

- Avoid FOMO : Be wary of sudden price surges without clear reasons.

By being aware of these signs and strategies, you can better protect yourself from falling into the trap of fake coin pumps.

#Write2Earn $FIS $DF

if you hold you definitely be begger

great decision

bro do some charity instead of taking bet

same we are so suc.kd

same now I have 6000$ debt and jobless . don't know what to do now ?

I think I going to hold till zeri

if you invested in another coin you will have more profit now at present time

$VINE some people now post buy dip don't fall to them they are scammmer promoting by vine coin

$vine

Now Days Latest Scam , big people announced coin then make post on social Media we people think hype is real but most of the engagement to this post is paid engagement .

only they creating hype and then dump coin slowly in starting and people start to accumulate that coin but after that they made big dump and people lost money ..

this is business of rich people and we trap on this already now waiting for entry point but sure it cannot reach that level again so ignore the such fake project

stay away from scam coin

$VINE how you feeling Today , investing in this coin seeing loss and other side people taking profits by investing other coins and we lucky fellow now waiting for loss recover .
bad luck

same

why not infinity

joker

farewell

take loan add it on binance and count as recover

rest in loss

$VINE scam

at the moment we can see your not liquidated, keep sufficient fund in your account so not single trade will be close. it will be bounce within some days

what is win and loss ratio ?