This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.
only traders who have more experience will realize that such signals are just lies and should if there are signals like that don't be too trusted because usually the team behind the project will buy first and after that will sell coins quickly and make coins many traders on the signal become stuck at high prices.
Cause they have already a bad experience coming from these things. That is why experts never encourage traders to follow signals and even used it for trading cause they know what would be the possible ends.
Noobs will be the most common victims from this, not exactly they never about the risk of using signals but they are blinded enough for not seeing it. They can only realize once they already suffer losses. If they would listen to us, then there is a chance that they will be safe and able to enjoy their life in trading base on their market perspective.