Be careful when putting money into useless coins. These coins have already increased by thousands of percent and have already taken many victims. Every hour at 00:00, the exchange automatically resets the 24-hour price change percentage calculations (+/-%) back to 0%.
The exchange’s strategy and the market maker (the “broker/gangster”) take advantage of this reset system to trap retail psychology—retail traders who can’t calculate manually.
Fake FOMO: Retail traders who just woke up and don’t check long-term charts (monthly/weekly) will see the coin listed under Top Gainers with a small percentage that has just started crawling upward. They think this coin has only just started its rally, when in reality the price is already at the peak of a mountain from the pump done the previous day. They go Long, and immediately become exit liquidity when the broker starts distribution (selling).
#useless
The exchange’s strategy and the market maker (the “broker/gangster”) take advantage of this reset system to trap retail psychology—retail traders who can’t calculate manually.
Fake FOMO: Retail traders who just woke up and don’t check long-term charts (monthly/weekly) will see the coin listed under Top Gainers with a small percentage that has just started crawling upward. They think this coin has only just started its rally, when in reality the price is already at the peak of a mountain from the pump done the previous day. They go Long, and immediately become exit liquidity when the broker starts distribution (selling).
#useless
