🚨 ALERT: DON'T GET TRAPPED 🚨
🔴 Binance recently announced the delisting of several coins ($BOND, $MDX, $DOCK, $POLS). Following the announcement, these coins hit their all-time lows. Many investors faced significant losses, but a few hours later, the coins unexpectedly surged by over 100%. People started buying again, only for the prices to plummet within hours. This cycle has been repeating, with prices surging over 100% and then dropping by 40% in a matter of seconds, causing further losses.
🔴 Managing such volatility is challenging. Setting a stop loss is nearly impossible. Do you set it above 100% gains or accept a 20-30% loss? The extreme volatility makes it likely that you'll lose money. Investing in such coins, especially after a delisting announcement, is highly risky. Those who bought in are at a loss, and shockingly, new buyers are joining them and incurring losses too.
🔴 It's crucial to avoid investing in such volatile and risky assets, particularly when delisting news is imminent. The rapid price movements and high volatility make it a dangerous gamble. Always understand the risks and avoid getting caught up in the hype.
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