How to STAY SAFE from COIN DELISTING & MINIMISE YOUR RISKS!

Recently, Binance made an announcement regarding the delisting of 3 coins: SRM, SNM, and YFII. As a result, these coins experienced significant losses, with SNM plummeting over 80% in just one day. This raises the question: can such situations be avoided, and how can you minimise your risks? Let's talk :

#1 Question

How can one determine if this token is eligible for delisting from the exchange?

1. Check the MarketCap & Volume

A coin with a low market cap and volume may appear insignificant on an exchange like Binance. For ex, if a coin has a trading volume below $1M in the past 24H, it could be considered quite low

2. Monitoring Section

Binance has a Monitoring section that reveals tokens with higher volatility and greater risks compared to others. It also indicates a higher likelihood of delisting

3. No Updates on Social Media

When a project stops providing updates on their activities, recent developments, or any signs of active progress, it's usually a clear indication that it's time for their farewell

4. Unusual Pumps & Dumps

Whenever you see a low liquidity coin unusually pumps and dumps, not once but many times without any news or development to justify them (excluding meme coins), it may be an indication that the token could soon face delisting

5. More Binance Requirements

Stability and safety of network from attacks, Evidence of unethical/fraudulent conduct or negligence, Compliance with applicable laws and regulations, Level and quality of development activity & more

#2 Question

How to minimise your risk & losses in these coins?

1. Well the first and foremost it avoid it in the start. Follow the points given above to identify coins like these to avoid from the start

2. Use Stop Loss which is very important. It's better to lose 10% rather than 50-60% of your portfolio in a day

3. Take the loss, as hard as it sounds, you should take it if the coin is not trading on other known exchange.

Make sure your are following me, and if you enjoyed this post, be sure to give it a like.