💥💥💥 Take advantage of 🟢$ETH and learn what happens in the crypto market and generate profits
It is difficult to know what will happen in the market when large amounts of money are moved; this is what happens with ETH and other cryptos. Called whales, they move coins to hold long-term or to manipulate the market, but we can take advantage of this and make profits.
🧠What is a whale?
A whale is a person or entity that owns a lot of cryptocurrencies, whether in BTC or ETH, and when a whale moves their coins, it causes significant price increases or decreases.
🟢Advantages:
-Early market signals
If a whale withdraws coins from an exchange and stores them in a wallet, it is usually a sign that they trust the price will rise in the long term.
-Complement to technical analysis
Knowing when large transfers are made allows you to use it along with supports, resistances, and volumes to better decide when to buy or sell.
🔴Disadvantages:
-Manipulation risk (pump and dump)
Whales can coordinate very large purchases to inflate the price and then sell to make quick profits, leaving others with losses when the price falls.
-Extreme volatility
A massive sale or purchase by a whale can crash or spike the price within minutes, trapping those who do not react.
🔥🔥🔥How to take advantage
-Futures offer unique opportunities to exploit high volatility but also carry elevated risks; managing at key moments in cryptos like $ETH or $BTC will bring profits
-Use on-chain alerts
There are services like Whale Alert that send notifications when large transfers are detected. With that information, you can adjust positions before the market fully reacts #BinanceAlphaAlert #ETH