⛔️STOP Buying every New Coin listed on Binance 🪙 - PART 2 - 💸
🔎DYOR ABOUT COINS FIRST
🔬FIND IF THERE are some legit exchanges on the official coin site to buy or swap, usually an hour before binance listing or a day, if there it exists.
⛔️BEWARE OF SCAMMERS, fake sites, fake contract addresses, comments, people telling they can help, wallet connects, some official platforms have fake coins or copies of a legit one so you buy it and has no value when you sell‼️
As I bought good new listed coins I also bought some not so good.
HERE'S the typical PHENOMENON these mew coins follow:
Strong Pump 🚀 (already opened at a +100-3000%) continues increasing due to market sentiment
Then it dumps🔻💥 (maybe in the next weeks could rise of course, who knows)
Remember the high percentage variation is because the app takes the open price lets say 5usd as an increase from just a few cents 0,02 for example. But in reality it opened at 5usd and is at 7,50usd that is a +50% increase
$THE
$ME
$ACX
$ORCA
So I bought all these coins as soon as the market opened (only put a few dollars on each to test)
And let me tell you
Some pumped big then dumped
Some started going down as soon as it opened
So learn from this, and know what to do next
Right now im holding until I recover and then I ll see. Of course I am researching to see their potential and so should everyone.
JUST DONT SPEND LOTS OF DOLLARS ON NEW COINS THINKING YOULL GET RICH BECAUSE YOU SEE 1000%, IT DOESNT WORK LIKE THAT. Of course there are exceptions of true high increases like for example +300% 1usd to 4usd
Sometimes dips are good opportunities to buy in if the coin has value
Also, dont panic sell as something goes down on spot, but dyor