Let’s break this down from a positioning perspective: Metis Andromeda will end Stargate support on October 23 and disable Laye… on October 30.
When news like this comes out, two things usually happen in the market at the same time:
Early buyers start taking profits.
Traders who only saw the news then start buying in.
Whichever group is larger determines the price direction. $METIS 24h trading volume is $1.61 million; watch for any unusual spike in turnover.
I may be wrong, so don’t take this as advice.
When news like this comes out, two things usually happen in the market at the same time:
Early buyers start taking profits.
Traders who only saw the news then start buying in.
Whichever group is larger determines the price direction. $METIS 24h trading volume is $1.61 million; watch for any unusual spike in turnover.
I may be wrong, so don’t take this as advice.