The coins that suddenly rise!
Have you noticed in Binance's daily posts that some coins skyrocket during hours?
Is it luck? Or are there secrets behind it?
Here’s the first secret that professionals learn: liquidity and volume.
When you see a coin suddenly appearing in the
Top Gainers or Top Volume list,
it means that there is "a lot of money" coming in.
But the question is:
Is this money from investors? Or speculators?
And here comes your role as a beginner: don’t enter before you know:
1. Did the trading volume suddenly increase?
This indicates an abnormal movement, watch carefully, don’t rush.
2. Did any news or partnerships appear about this coin?
Sometimes Binance lists a new coin, or publishes an important update about it.
3. Did the coin rise without a reason?
Beware, it could be a pump and dump scheme.
Today's advice:
Follow the list of the most traded coins daily, and note the names of the coins that repeatedly appear.
The coins that the market keeps mentioning are worth studying.
Tomorrow: We will learn how to distinguish between real rises and fake rises.
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