"Binance has placed BICO and CVC under the monitoring tag, warning of high volatility and delisting risk"
The three most frequently asked questions in the comments are answered clearly here—
Q1: Is this bullish or bearish?
A: Slightly negative, but sentiment is often exaggerated.
Q2: Will it immediately show up in the price?
A: Not necessarily. There is often a time lag between news and price action; first see whether the intraday high and low will be tested repeatedly.
Q3: What should we watch next?
A: How the market moved the last time something similar happened.
Q4: Should positions be adjusted because of this?
A: My approach is not to change plans because of a single piece of news, until the market gives confirmation.
$BICO latest 0.02001, 24h -1.48%, added to the watchlist.
NFA, DYOR.
The three most frequently asked questions in the comments are answered clearly here—
Q1: Is this bullish or bearish?
A: Slightly negative, but sentiment is often exaggerated.
Q2: Will it immediately show up in the price?
A: Not necessarily. There is often a time lag between news and price action; first see whether the intraday high and low will be tested repeatedly.
Q3: What should we watch next?
A: How the market moved the last time something similar happened.
Q4: Should positions be adjusted because of this?
A: My approach is not to change plans because of a single piece of news, until the market gives confirmation.
$BICO latest 0.02001, 24h -1.48%, added to the watchlist.
NFA, DYOR.