🚨Be careful, they may catch you in troubled waters 🚨

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⛔️Dump Trap⛔️:

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identification:

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💠 Dump is the opposite of pump, where the organizers aim to reduce a certain currency in order to collect the largest number of it, and this is done in various ways, most of which are issuing false claims and fake news about the target currency, and they resort to pumping large quantities of it into the market, so its price suddenly drops to rock bottom, affecting new traders. Those who have no experience in the matter panic and sell their currencies at a low price, and when the price of the target currency decreases, collection operations begin by the people who planned the matter.

⏪️ Alerts:

In order for the trader not to fall into the trap of bump and dump, he must adhere to the following tips:

1- Follow currency news from reliable sources.

2- Before investing in a specific currency, it is necessary to conduct in-depth research into the subject in order to know the strengths and weaknesses of the target currency.

3- Avoid decisions based on speed and fear of missing out, or what is called “FOMO” for short.

4- Control your nerves so that you do not panic and sell at a loss as a result of unjustified fear.

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