Signal is a call to action to buy or sell an asset.
What is Signal?
A Signal is a suggestion or call to action to either buy or sell an asset, or even not to contact a specific asset or group of assets. This kind of signal can be obtained as a result of human or artificial intelligence analysis of historical data and trading patterns, as well as conclusions obtained from technical, fundamental and sentimental analysis.
Signals may be received from various sources, including but not limited to them. The degree of complexity of the signals may vary, but they are mostly provided in a simple format. It should be noted that almost all signals are extremely time-sensitive or based on low-time preferences; hence, their information dissemination and execution must be fast to produce effective results.
Some are free, while others require you to perform simple tasks before becoming a member, such as inviting a certain number of other users to help grow the group. There are other signal groups that require payment, whether a one-time fee or subscription. However, because of the dynamic and random nature of the market, any past results are no guarantee of future results. Thus, signals are perceived more as indications open to interpretation than as actual data.
Unfortunately, by the time group members get the buy signal, the asset has already been ‘pre-pumped’ by insiders, causing group members to buy the cryptocurrency at an inflated price, making it vulnerable to a quick and sharp correction. Because of this, it is always advisable to be cautious when joining signal groups.