A quick take from the money-flow perspective:
“Multiliquid developer Uniform Labs raises $8 million in a round led by Polychain”
After the news broke, I had just three questions about the money:
1. Which way are the large orders leaning?
2. Is trading volume for $ETH ($1.061 billion over 24h) continuing to grow?
3. Are whales making large withdrawals from exchanges?
Only if all three point in the same direction can the news be said to have won the market’s backing; otherwise, it’s probably just noise.
Treat the news as background and stick to your own trading plan.
“Multiliquid developer Uniform Labs raises $8 million in a round led by Polychain”
After the news broke, I had just three questions about the money:
1. Which way are the large orders leaning?
2. Is trading volume for $ETH ($1.061 billion over 24h) continuing to grow?
3. Are whales making large withdrawals from exchanges?
Only if all three point in the same direction can the news be said to have won the market’s backing; otherwise, it’s probably just noise.
Treat the news as background and stick to your own trading plan.