$TST #BinanceMemeToken The spreads in Test (TST) coin on Binance
First let us understand the Spread in TST Trading:
Bid-Ask Spread is the difference between the highest price a buyer is willing to pay for TST (bid) and the lowest price a seller is willing to accept (ask). A wider spread can indicate lower liquidity, while a narrower spread suggests higher liquidity.
As of February 18, 2025, TST is trading at approximately $0.078729, with an intraday high of $0.095153 and a low of $0.076966.
As of now, TST is trading at approximately $0.078883, with an intraday high of $0.095153 and a low of $0.076966.
Insights:
• Consistent Spreads: The data indicates a consistent spread of approximately $0.0020 over the past five days in every 8 to 12 hours, with a slight decrease in percentage terms as prices rise.
• Trading Opportunity: Active traders can exploit these spreads by placing buy orders at the bid price and sell orders at the ask price, capturing the $0.0020 difference per TST token.
Why some are sad about TST?! 🧐
Because of being Passive Holders:
1. Missed Arbitrage Profits: By not engaging in active trading, passive holders miss out on the potential to earn profits from these daily spreads.
2. Opportunity Cost: While holding TST might yield long-term gains if the asset appreciates, there’s an immediate opportunity cost in not capturing the available spread profits.
Caution ⚠️ Considerations:
• Transaction Fees: Active trading involves fees that can eat into profits. It’s essential to ensure that the spread covers these costs to make the strategy viable.
• Market Dynamics: Spreads can widen or narrow based on market liquidity and volatility. Traders should monitor these changes to adjust their strategies accordingly.
NOTE 📝
This is not financial Advice DYOR