Signal Palace review

Introduction to Signal Palace

Signal Palace is a cryptocurrency signal provider with a modest following, primarily consisting of subscribers to its public Telegram channel. While it occasionally shares free signals, this infrequency can pose a challenge when assessing the performance of its trading recommendations. You can find their activities on platform X, YouTube, and, of course, on their Telegram channel.

Signal Palace's Social Media

The first social network is platform X, where it appears that the provider is largely inactive, as the last post was made over a year ago. The small subscriber count of fewer than 1,400 further supports this observation. On its page, Signal Palace shares technical analyses, news, memes, and motivational content, which adds an interesting dimension to the provider, even in the absence of trading signals.

Signal Palace (@signalpalace) / X

Another platform utilized by the provider is TradingView. Under the alias SP_BOSS, the provider joined this platform four years ago. However, the profile appears inactive, with no posts made and the last visit recorded over a year ago.

https://www.tradingview.com/u/SP_BOSS/

Interestingly, the provider was quite active on YouTube throughout 2022, but since then, Signal Palace has not released a single video. The channel, created in 2022 and based in France, has published a total of 11 videos focused on cryptocurrency trading.

https://www.youtube.com/@signalpalace4023

Telegram

It appears that the provider's Telegram channel is not the primary source of signals, resulting in infrequent posts. Currently, Signal Palace has 5,698 subscribers, but only about 10% are actively engaged, indicating a low level of audience participation. It is concerning to note that the provider has been steadily losing subscribers; last year at this time, the count exceeded 8,000. This represents a significant decline. 

Nonetheless, the Telegram channel remains quite engaging, offering a variety of content, including news, memes, and community analyses related to the cryptocurrency markets. Although it is called Signal Palace, the channel provides only a few free signals—typically just 1 or 2 per month—focusing primarily on relaying signals from the VIP group.

Signal Palace's Signals

One of the recent trading signals was a recommendation to buy the AI/USDT asset. This signal is particularly interesting because it does not include specific stop-loss or take-profit levels. Instead, the provider suggested simply holding the asset with the expectation of achieving gains between 2x to 5x. As shown in the accompanying chart, the price of AI/USDT rose by 20%, making this trade a potentially lucrative opportunity for those who acted on the signal.

Another noteworthy example is the BAKE/USDT asset. This trade proved to be very profitable, as evidenced by the significant price growth shown in the chart. The provider recommended buying the asset at an average price of 0.24, with a stop loss set below 0.20. The take profit levels were set at three key points: 0.291, 0.32, and 0.50. Remarkably, the price reached all of these levels in a short period, resulting in substantial gains for those who followed the signal.

Feedbacks

There have been no reviews identified on Signal Palace, which may indicate that the provider has a limited following. Additionally, there are no reviews available on public platforms such as Telegram or Twitter, aside from Trustpilot. It would be beneficial if customers who purchased a VIP subscription could share their experiences. Their insights would certainly help inform others considering this service.

Conclusion

The steady decline in the number of subscribers throughout the year raises some questions. One possible reason could be the lack of signals being shared on the Telegram channel, which could lead to user dissatisfaction. While the provider may possess good analytical skills, this is not substantiated by track records or reviews, which are crucial for building trust among subscribers. Without consistent communication and verifiable performance, potential and existing subscribers may feel uncertain about the value of maintaining their subscriptions, leading to the observed drop in numbers.