Pay attention to tracking funds:
“An exchange listed NMR (Numeraire) on October 8 at 21:30.”
After the news comes out, I only ask three funding questions:
1. Is the active buying/selling more like buying the dip or selling the rally?
2. Has the trade involving $NMR (24h $81.4 million) continued to scale up?
3. Have big holders transferred large amounts out to or from the trading platform?
If all three point in the same direction, then the news really carries weight; otherwise, it’s mostly noise.
The role of news versus price action often comes with lag.
#NMR
Think rationally, and do what you can.
“An exchange listed NMR (Numeraire) on October 8 at 21:30.”
After the news comes out, I only ask three funding questions:
1. Is the active buying/selling more like buying the dip or selling the rally?
2. Has the trade involving $NMR (24h $81.4 million) continued to scale up?
3. Have big holders transferred large amounts out to or from the trading platform?
If all three point in the same direction, then the news really carries weight; otherwise, it’s mostly noise.
The role of news versus price action often comes with lag.
#NMR
Think rationally, and do what you can.