LSK rose by 49%.
At the moment when most people see +49% and start to feel excited, that’s exactly the time when the market maker starts taking profit.
Today, from the low of 0.3193 it was pulled up to 0.4862, with 52% volatility, but trading volume did not exceed 4.66 million U — weak liquidity; small amounts can push the price up to this level, and when exiting there may be nobody to take the shares.
FR 0.0013%, a balance between up and down—no crowding.
My assessment: Don’t chase. If you entered追 in after +49%, you’re basically paying to be the one who ends up receiving the goods from those in the front.
I’ve seen plenty of this type of trading.
🌿 Chao doesn’t announce | not investment advice
#LSK #Futures trading
$LSK
#LSK
At the moment when most people see +49% and start to feel excited, that’s exactly the time when the market maker starts taking profit.
Today, from the low of 0.3193 it was pulled up to 0.4862, with 52% volatility, but trading volume did not exceed 4.66 million U — weak liquidity; small amounts can push the price up to this level, and when exiting there may be nobody to take the shares.
FR 0.0013%, a balance between up and down—no crowding.
My assessment: Don’t chase. If you entered追 in after +49%, you’re basically paying to be the one who ends up receiving the goods from those in the front.
I’ve seen plenty of this type of trading.
🌿 Chao doesn’t announce | not investment advice
#LSK #Futures trading
$LSK
#LSK