Strange, and I’ll leave it to you. Binance scam ?
A Binance-backed coin — HEI. There are a lot, but I’m taking HEI as an example. They created enormous hype before August 6, and it pumped, meanwhile BNB was making sideways moves. After the hype, they broke the coin down deeply, and at the same time, they pumped BNB.
If you see this, it seems normal, but this is a pattern I’ve observed a lot over time. There are lots of Binance-backed or seed coins, which means Binance has 75% or more of the supply of them. So whenever they hype them and break them down, it supports BNB and gains BNB liquidity from losers to grow BNB.
So my strategy is to track all BNB/Binance-backed coins: watch the momentum. If they gain unusual momentum or hype, I wait until they reach over 60–80% of these seed coins’ pump levels. Then I long BNB and short those seed coins.
You know what? I’ve placed more than 90 trades so far with this strategy — all 90 trades won, with huge wins and TP.
It’s just an idea of how manipulation works on the biggest stage. So be clever and get use out of these traps. If someone is trying to trap you, learn their pattern and gain from it.
At the end of the day, we and Binance are the same: we all need to make money. We don’t care about how dirty it is.
A Binance-backed coin — HEI. There are a lot, but I’m taking HEI as an example. They created enormous hype before August 6, and it pumped, meanwhile BNB was making sideways moves. After the hype, they broke the coin down deeply, and at the same time, they pumped BNB.
If you see this, it seems normal, but this is a pattern I’ve observed a lot over time. There are lots of Binance-backed or seed coins, which means Binance has 75% or more of the supply of them. So whenever they hype them and break them down, it supports BNB and gains BNB liquidity from losers to grow BNB.
So my strategy is to track all BNB/Binance-backed coins: watch the momentum. If they gain unusual momentum or hype, I wait until they reach over 60–80% of these seed coins’ pump levels. Then I long BNB and short those seed coins.
You know what? I’ve placed more than 90 trades so far with this strategy — all 90 trades won, with huge wins and TP.
It’s just an idea of how manipulation works on the biggest stage. So be clever and get use out of these traps. If someone is trying to trap you, learn their pattern and gain from it.
At the end of the day, we and Binance are the same: we all need to make money. We don’t care about how dirty it is.