Beware .... it's fake.... | Yoonus Salim on Binance Square

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Beware.... it's fake....

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actually its a bearish signal

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🚀 Maximize Your Crypto Gains: Proven Profit-Making Strategies! 💰 Are you ready to take your crypto trading game to the next level? Here are some pro strategies to help you make consistent profits in the volatile world of cryptocurrency: 1️⃣ Set Clear Goals: Know your entry and exit points. Never trade without a plan. 2️⃣ Risk Management: Use stop-loss orders and only invest what you can afford to lose. Never risk more than 2-5% of your capital per trade. 3️⃣ Diversify Your Portfolio: Don’t put all your funds into a single coin. Spread your investments to reduce risks. 4️⃣ HODL vs. Active Trading: Decide your strategy—long-term holding for stable gains or day trading for quick profits. 5️⃣ Follow Market Trends: Stay updated with the news, on-chain data, and market sentiment to predict price movements. 6️⃣ Use Technical Analysis: Master charts, RSI, MACD, and Fibonacci retracements to make informed decisions. 7️⃣ Control Your Emotions: Greed and fear are a trader’s worst enemies. Stick to your plan and avoid impulsive decisions. 💡 Pro Tip: Always DYOR (Do Your Own Research) before investing in any project. 🔗 Share your favorite trading strategies below! Let’s grow together. 📈 #CryptoTrading #ProfitStrategies #Bitcoin #Altcoins #HODL #DayTrading #CryptoGains

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Binance recently placed a Monitoring Tag on $TROY as part of its regular token review process. This designation has raised concerns among traders and likely contributed to the recent price drop. Here’s an overview of the key factors behind the situation: Reasons for the $TROY Price Drop: 1. Monitoring Tag Assignment: Binance uses this tag to flag tokens with higher risks and volatility. This action often triggers caution among traders, leading to sell-offs. 2. Liquidity Issues: Insufficient trading volume or liquidity can make the token more prone to price instability. 3. Compliance Concerns: The token may have failed to meet Binance's listing standards or evaluation criteria. 4. Market Warnings: There are speculations about potential pump-and-dump activities, which can deter investors. 5. Project Transparency: Delayed updates, missed milestones, or reduced communication from the team could also be factors. What This Means for Traders: Tokens with a Monitoring Tag are under close evaluation and risk being delisted if the identified issues are not resolved. Traders are advised to exercise caution and fully understand the risks before investing in such tokens.

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