You may have come across the term "Pump and Dump" in cryptocurrency discussions on platforms like X (formerly Twitter) or in various crypto-related contents. This phrase is often used in contexts involving price manipulation and trading schemes. If you hear this term, it generally indicates something negative about the associated crypto project. 

What Does "Pump and Dump" Mean?
To break it down, "Pump" refers to driving up a cryptocurrency’s price, while "Dump" involves crashing it down. In a Pump and Dump (PND) scheme, a person or group artificially inflates the price by buying large amounts of a low-liquidity cryptocurrency. When the price increases, people notice and begin buying, which further drives up the price. Once it reaches a peak, the initiators sell off their holdings, which causes the price to plummet, leaving others with potentially significant losses.

 When Do Pump and Dump Schemes Occur?
Pump and Dump schemes often target cryptocurrencies with low liquidity, where a single individual or organization can easily manipulate the price by injecting substantial funds. Typically, this happens on small tokens listed on decentralized exchanges (DEXs) that lack regulation or control mechanisms. For instance, after hyping up the coin's value, the initiators dump all their holdings, causing a rapid price drop.
For more explanations on liquidity, you can read here.

Common Targets and Risks
Most tokens targeted for PND schemes have minimal utility or underlying project development and are often meme coins or coins that gain attention through name recognition rather than real value. If you happen to hold such a coin, you may experience excitement as the price rises, but if you fail to sell at the right moment, you risk significant losses once the initiators start selling.

Why Are Some Cryptocurrencies Susceptible to PND?
The majority of cryptocurrencies affected by PND schemes are those lacking a solid utility or roadmap, or those that are barely known. These tokens may either stay at the bottom price range after the scheme or possibly recover if they do have a roadmap but low liquidity.

How Can You Identify Potential PND Targets?
1. Unusual Price Surges
If a cryptocurrency with no significant developments or partnerships suddenly sees a large spike in trading volume or price within a short timeframe, it could be a pump in progress.
2. Influencers and Celebrity Promotions
Watch for excessive promotion on social media platforms like X, Reddit, Telegram, and Discord by celebrities or influencers. Often, these influencers don’t have genuine knowledge about the cryptocurrency but are paid to promote it, enticing followers who may end up with financial losses.
3. Absence of Use Case or Development
Cryptocurrencies with little to no use case or project development are more vulnerable to manipulation. If a coin seems to be gaining momentum without a clear cause, this could be a sign of a pump, and it’s best to avoid making impulsive purchases.

How to Avoid Pump and Dump Scams?

1. DYOR (Do Your Own Research)
Be skeptical of offers that sound too good to be true, and always research the project's foundation, partnerships, and recent developments.
2. Monitor Project Developments
Check if the project has an active development team and legitimate news or partnerships backing its growth.
3. Use Trusted Exchanges
It’s usually safer to trade on Centralized Exchanges (CEXs) that have regulatory policies in place, as they generally make it harder for PND schemes to occur. Additionally, prioritize high-liquidity cryptocurrencies to reduce risk.

Cryptocurrencies are becoming increasingly mainstream, but regulatory frameworks are still developing in many countries, including Myanmar. Until laws catch up, always be cautious and do thorough research before investing.
#bitcoin☀️ #pumpNdump #pumpiscoming #BinanceSquareFamily

$NEIRO $NEIRO $NEIRO
1. Key Levels
Support Levels:0.00162015: Immediate support level, where the price previously found buying interest. This could act as a critical level if the price pulls back.0.00149712: A stronger support level, providing a deeper level to watch. If the price falls below this, it may indicate a larger bearish move.0.00151390: Another potential support area, if the price continues to retrace.Resistance Levels:0.00184942: Immediate resistance, close to the 24-hour high. This level is crucial; if the price breaks above it, the bullish momentum could continue.0.00186620: Slightly higher resistance above the recent high. If the price breaks through this, it could lead to more upside, potentially towards 0.0020.
2. Targets
Short-Term Targets:Bullish Scenario:0.00184942: First target if the price continues to rise. This is near the 24-hour high and a key resistance level.0.00186620: Secondary target if the price breaks through 0.00184942, opening the way to further gains.Bearish Scenario:0.00162015: First downside target if the price retraces and starts pulling back.0.00149712: A deeper target if the price continues to decline from current levels.Long-Term Targets:If NEIRO sustains above 0.00184942, the next potential target could be around 0.0020. A breakout above this could open further upside potential, depending on overall market sentiment.
3. Stop-Loss Recommendations
For Long Positions:Stop-Loss Near 0.00162015: Placing a stop-loss just below this support level would help manage risk if the price retraces.More Conservative Stop-Loss at 0.00149712: For a more cautious approach, placing the stop-loss at this deeper support allows more room for price fluctuations while still offering protection against a larger correction.For Short Positions:Stop-Loss Near 0.00184942: For short positions, placing a stop-loss slightly above this resistance level would be prudent, as a breakout above this level could signal further bullish continuation.Alternative Stop-Loss at 0.00186620: A more aggressive stop-loss at this level would provide protection against a larger upward move.
Summary
Key Levels:Support: 0.00162015, 0.00149712, 0.00151390Resistance: 0.00184942, 0.00186620Targets:Bullish: 0.00184942, 0.00186620 (potential move toward 0.0020 if momentum continues)Bearish: 0.00162015, 0.00149712Stop-Loss:Long: 0.00162015 or 0.00149712 (for more conservative trades)Short: 0.00184942 or 0.00186620 (for more aggressive setups)
Monitoring trading volume, as well as momentum indicators like RSI or MACD, near these levels will provide further confirmation of the trend's strength. Stay active 🤝stay connected 🤝good luck family 🥰🥰🥰