Class, look at this price. It is less than half a cent. That is extremely cheap. And cheap coins move fast.
$IOTX
Forty-seven percent is a big move, but because the price is so low, a small dollar change creates a huge percentage move.
Here is the danger. When a coin is this cheap, the spread between buy and sell can be wide. That means you might not get a good fill price. Also, liquidity might be thin.
If you want to trade this, keep your position small. Enter at 0.0033 with a stop loss at 0.0031. Target 0.0036 and 0.0038.
But class, I want you to remember this. Cheap coins are fun, but they are also risky. Do not risk more than you can afford to lose.
$IOTX
Forty-seven percent is a big move, but because the price is so low, a small dollar change creates a huge percentage move.
Here is the danger. When a coin is this cheap, the spread between buy and sell can be wide. That means you might not get a good fill price. Also, liquidity might be thin.
If you want to trade this, keep your position small. Enter at 0.0033 with a stop loss at 0.0031. Target 0.0036 and 0.0038.
But class, I want you to remember this. Cheap coins are fun, but they are also risky. Do not risk more than you can afford to lose.