Day 5 of BSC Deep-Dive:
How to Conduct Thorough Research on Projects and Tokens:
1. Fundamental Analysis :
- Whitepaper
- Tokenomics
- Partnerships
- Community & Social Media.
2. On-Chain Metrics (for DeFi):
- TVL (Total Value Locked)
- Transaction Volume & Active Addresses
- Smart Contract Audits
3. Competitors & Market Fit:
- Compare the project to similar ones (e.g., Solana vs. Ethereum).
- Assess if it solves a real problem uniquely.
Risk Management Strategies
1. Diversification:
- Spread investments across sectors
- Avoid overexposure to one asset.
2. Stop-Loss Orders:
- Set automatic sell orders to limit losses.
- Adjust based on volatility.
Technical Analysis (TA) Basics
Chart Patterns:
- Support/Resistance
- Trendlines
- Reversal Patterns
- Continuation Patterns
