The Future is now: Market Insights
in the last two days we've all been up and down trying to figure out do we long or short the $TRUMP coin,Fear Of Missing Out kicked in as this was the first coin to be launched at such an eye catching price.Here are the few insights you should note down!!.
Volatility: Markets can be quite volatile within a single day, with prices fluctuating significantly due to various factors such as news events, economic data releases, and trading activity.With $TRUMP launch the market was highly volatile,most got liquidated because of low management risks and others got massive profits.
Trading Patterns: Trading volume and activity tend to be higher during launching and trading.With Trumps inauguration the trading volume blew upto +100000% within minutes.
News Impact: Major news events, whether positive or negative, can have a significant impact on market movements within a day.Global news about $TRUMP spread out and impacted massive FOMO in individuals as everyone was trying to trade the coin.
Technical Analysis: Traders often use technical analysis tools and indicators to identify short-term trends and potential trading opportunities.
