Q: Binance saw a net outflow of 31.3819 million USDT over the past hour. What impact could this have on the market?
A: My first impression is that it doesn't look great, but the scale of the impact depends on whether the selling pressure continues. Set your stop-loss outside the structure, and there's no need to panic no matter how much buzz the news gets.
$BNB, down 3.46% on the day.
Just a note, not trading advice.
A: My first impression is that it doesn't look great, but the scale of the impact depends on whether the selling pressure continues. Set your stop-loss outside the structure, and there's no need to panic no matter how much buzz the news gets.
$BNB, down 3.46% on the day.
Just a note, not trading advice.