The currencies that suddenly rise!
-Have you noticed in Binance's daily posts that some currencies are skyrocketing during hours?
-Is this luck? Or is there a secret behind it?
Here is the first secret that professionals learn: Liquidity and Volume
When you see a currency suddenly appearing in the
Top Gainers or Top Volume list,
this means that there is "a lot of money" entering it.
But the question is:
Is this money from investors? Or from speculators?
And here comes your role as a beginner not to enter before you know:
1. Did the trading volume suddenly increase?
This indicates an abnormal movement, watch out don't rush.
2. Did news or partnerships emerge about this currency?
Binance sometimes lists a new currency or publishes an important update about it.
3. Did the currency rise for no reason?
Beware, it could be a pump and dump scheme.
Today's advice:
Follow the most traded list daily, and record the names of the currencies that keep appearing.
The currencies that the market repeats are worth studying.
Tomorrow: We will learn how to distinguish between real rises and false ones.
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