IOST -28.2% WITH WHOLE BOARD RED (30.6% GREEN) — BUY DIP OR ONE STEP AHEAD?
$IOST $MITO $ALT
Honestly, I used to assume the biggest gainer of the session was the one worth buying — the numbers say otherwise.
Today IOST is -28.2% on 45M USDT of volume. Looking at that alone, the reflex for most readers — mine included, a few months ago — is to open a position first and read about it later.
But set it next to the wider picture and the story changes: only 37 of 121 USDT pairs are up across the board, or 30.6%. Total 24h volume is 7.1B USDT.
One deeply red coin in a session like this is not automatically a dip worth buying. The whole board is red, so more often it is simply one step ahead of the rest.
What I learned, and paid to learn: the number on ONE coin means nothing without the breadth of the whole session next to it. IOST is worth watching today — but worth watching and worth trading are two different things.
What I do differently now: before touching anything that is running, I ask three questions. Where is this volume coming from, or is it one thin book pushing the price? If I get in now, who is selling to me, and what do they know? And if I am wrong, where do I get out — answered in advance, not while the candle is red.
Those three questions have not made me win more often. They have made me lose less, and in this game those two things end up being the same result.
The other two movers right now: MITO -21.8% · ALT +16.6%
Which camp are you in — ride the momentum, or wait for it to cool off? Tell me in the comments.
#IOST #BinanceSquare
For reference only, not financial advice (DYOR).
$IOST $MITO $ALT
Honestly, I used to assume the biggest gainer of the session was the one worth buying — the numbers say otherwise.
Today IOST is -28.2% on 45M USDT of volume. Looking at that alone, the reflex for most readers — mine included, a few months ago — is to open a position first and read about it later.
But set it next to the wider picture and the story changes: only 37 of 121 USDT pairs are up across the board, or 30.6%. Total 24h volume is 7.1B USDT.
One deeply red coin in a session like this is not automatically a dip worth buying. The whole board is red, so more often it is simply one step ahead of the rest.
What I learned, and paid to learn: the number on ONE coin means nothing without the breadth of the whole session next to it. IOST is worth watching today — but worth watching and worth trading are two different things.
What I do differently now: before touching anything that is running, I ask three questions. Where is this volume coming from, or is it one thin book pushing the price? If I get in now, who is selling to me, and what do they know? And if I am wrong, where do I get out — answered in advance, not while the candle is red.
Those three questions have not made me win more often. They have made me lose less, and in this game those two things end up being the same result.
The other two movers right now: MITO -21.8% · ALT +16.6%
Which camp are you in — ride the momentum, or wait for it to cool off? Tell me in the comments.
#IOST #BinanceSquare
For reference only, not financial advice (DYOR).