Why did I choose to observe $TOWNS ?
For cryptocurrencies listed on Binance, the first-day performance often depends on 3 key factors:
1️⃣ Is there a lock-up for the airdrop?
TOWNS does not have a lock-up, making it easy for airdrop recipients to sell off for arbitrage in the short term, increasing volatility.
2️⃣ Is there community consensus and topicality?
TOWNS is backed by the Towns Protocol, a Web3 Chat application, with an active early community and clear topics, which is a positive sign.
3️⃣ Is VC funding involved in driving the price up?
a16z, Coinbase, and Benchmark are early investors. If they participate in the initial market operations, it could potentially drive up the first wave price range.
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📈 Short-term trading suggestions
⏱ If choosing to "enter in the first minute": please set up buy orders and profit targets in advance.
⏳ If choosing to "pick up on a dip": please observe the drop after the peak within 30 minutes to 2 hours.
✨ Watch for "strong buying + quick profit-taking"
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📎 What kind of scenario do you think $TOWNS will follow?
Feel free to leave a comment to discuss together～
