The following are the top 4 gainers on the 4-hour K-line chart today
1000CAI XAI MUBARAK VELODROME
The slow upward trend is basically the same; they all dropped significantly after being listed on Binance, with a decline of 80%-90% since their launch. Then, taking advantage of this market wave, the operators first pulled it up on the hourly chart, and then attracted market funds by stabilizing the price for a while before starting to trade.
After such a significant pullback, many believe it’s easy to pull up two or three times from the bottom, as recovering the investment would require a rise of seven to eight times or more.
However, 85% of the projects listed on Binance are aimed at short selling and buying BTC. They will first pull up the initial wave; if the market can keep up, they will continue to push it up, otherwise, it will follow the overall market trend. Therefore, for most coins, do not follow the trend; it's still important to buy leading coins and strong market leaders. The strong will continue to thrive and earn, so do not place funds in worthless coins!
