It seems that the market $RED

ED is currently experiencing extremely low selling pressure. I placed a buy order at $0.40 yesterday, and despite waiting for hours, it was never executed. Now that the price has risen to $0.60, the chances of getting a filled order at lower levels seem less likely.

With total trading volume still under $400,000 since yesterday, it is clear that liquidity is tight. Given the current price, the market cap is around $24 million, which seems relatively low. If demand continues to increase, it is likely that the token will push above $1 in the near future.

At this stage, I don't see much benefit in placing another buy order at $0.60, as it's uncertain whether it will even be executed. However, some traders may have the opportunity to acquire it at these levels if they are quick enough. For now, I will wait until the price ceiling is raised before making my next move.

Professional tip: In illiquid markets, patience is key. If demand exceeds supply, prices can rise quickly, but it’s also important to manage risk and avoid blindly chasing momentum.

The Joker 🃏🃏.