When a platform or company suddenly stops withdrawal and asks for a specific period of time, it's usually a sign of an Exit Scam. Many people fall into the illusion that maybe there is a "system update" or "technical error," but the reality is I think it's a trick so they can clean up their money and data completely and avoid legal action.
Common ways to get cheated in NFT or other "high return" scams:
1. Building confidence in the first phase - paying a few people initially to attract more investors.
2. The High profit Promise - Unrealistic returns are promised so that more people can invest money.
3. withdrawal being blocked - when the company finds out that no more people are investing, it stops the money.
4. Excuse to give time frames - it's just an excuse so people can stay hopeful and not act quickly.
5. Final Step: Disappear – when everything is cleared, the company or platform disappears.
What should be done?
Always do complete research before going to any investment platform.
If anyone talks about "Guaranteed High profit" be alert immediately.
Invest only on legitimate and authentic platforms, and don't trust any new, unknown company.
If a platform has stopped withdrawal and asked for time, know that your money has sunk and consider legal action.
This is why it's better to work on large and authentic exchanges like Binance, where transparency and security exist.
The recent Bitcoin pump is likely due to BlackRock increasing its Bitcoin holdings once again. if you learn the art of tracking market markers’ wallets combined with solid fundamental and technical analysis, Inshallah, you could see thousands of dollars in profits in the coming days. Are you ready for coming crypto trading —this could be the opportunity you've been waiting for
Latest update related to T. N.F.T pending withdrawals, withdrawal time extended from 168 hours (7days) to 360 hours (15days). Stay tuned for latest updates.
Time has increased from 96 hours to 168 hours. In total, it will take 7 days for withdrawal.
yahyabro321
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NFT scam alert:
Someone was saying that he initiated an NFT withdrawal, but it's been 96 hours, and he still hasn't received it. I think this NFT is a scam, and they won’t pay just a fraud.
How Traders Use RSI for Spot Trading Buying at Oversold Levels (Below 30)
When RSI goes below 30, it is a sign that the coin is oversold, i.e., it might be undervalued.
Traders look for a change in price and enter a buy position here.
Example: If XRP’s RSI is 25 and starts moving up, traders may buy expecting a price recovery.
Selling at Overbought Levels (Above 70)
If RSI goes above 70, it means that the coin is overbought, and the price may go down.
This signal is used by traders to sell and profit before a downturn.
Example: If the RSI of Bitcoin is 80, traders may sell some assets before a correction.
Confirming Trades Using RSI Divergence
Bullish Divergence: Price is decreasing, but RSI is increasing → Potential reversal to the upside.
Bearish Divergence: Price is increasing, but RSI is decreasing → Potential reversal to the downside.
Example: If Solana’s price makes a new low, but RSI moves higher, it can be a sign of an impending rally.
Best RSI Settings for Crypto Trading The default setting for RSI is 14-period, though traders sometimes alter it:
7-period RSI: Produces faster signals, ideal for short-term trading.
21-period RSI: Slower signals, better suited to longer-term trades.
Final Tips for RSI Spot Trading ✔️ Utilize RSI along with other indicators like Moving Averages & Volume for greater accuracy. ✔️ Always consider RSI on several timeframes (5-min, 1-hour, daily) for stronger signals. ✔️ Don’t trade based on RSI alone—market direction and news matter as well.
By mastering RSI, traders can make smarter spot trades on XRP, Bitcoin, Solana, BNB, and other cryptos, hitting profitable entries and exits like a boss.