T is making a notable move today: up 34.1% in 24 hours, with $8.68 million in trading volume.
That’s solid volume for a top gainer today. Compare that with CREAM, which is up 65% but has only $276,000 in volume—T’s $8.68 million shows that people are actually trading it. INIT is also up 22.7%, with $4.62 million in volume, so that’s a move backed by volume too.
My take: today’s top gainers fall into two groups—tokens like T and INIT, which are rising on strong volume, and tokens like CREAM, which show big gains but little volume. I’m only looking at the first group; I’m staying away from the second.
As for trading, a 34% gain like T’s is already substantial, so I wouldn’t chase it. I’d wait for a pullback and see whether volume holds up. If it stabilizes on declining volume, then it’s worth adding to the watchlist.
$T
$BTC
That’s solid volume for a top gainer today. Compare that with CREAM, which is up 65% but has only $276,000 in volume—T’s $8.68 million shows that people are actually trading it. INIT is also up 22.7%, with $4.62 million in volume, so that’s a move backed by volume too.
My take: today’s top gainers fall into two groups—tokens like T and INIT, which are rising on strong volume, and tokens like CREAM, which show big gains but little volume. I’m only looking at the first group; I’m staying away from the second.
As for trading, a 34% gain like T’s is already substantial, so I wouldn’t chase it. I’d wait for a pullback and see whether volume holds up. If it stabilizes on declining volume, then it’s worth adding to the watchlist.
$T
$BTC