Not every part of the market is green today 🔻
While Bitcoin is up a little, $EGLD (MultiversX) was among the biggest losers over the past 24 hours, down around 8.6%, with a price of about $3.53.
Also on the losers list: $QNT (Quant), down around 7.3%.
This reminds us of something important: Bitcoin going up doesn’t mean all coins will rise. Sometimes, liquidity flows into large-cap coins and out of altcoins.
Before you think, “I’ll buy the dip”:
• Understand why it fell, not just how much it fell.
• A coin that’s down 8% could fall another 8%.
• Scale into your position instead of putting everything in at once.
Not financial advice.
Are you the buy-the-dip type, or do you wait for confirmation?
#BinanceSquare #MultiversX #Altcoins
While Bitcoin is up a little, $EGLD (MultiversX) was among the biggest losers over the past 24 hours, down around 8.6%, with a price of about $3.53.
Also on the losers list: $QNT (Quant), down around 7.3%.
This reminds us of something important: Bitcoin going up doesn’t mean all coins will rise. Sometimes, liquidity flows into large-cap coins and out of altcoins.
Before you think, “I’ll buy the dip”:
• Understand why it fell, not just how much it fell.
• A coin that’s down 8% could fall another 8%.
• Scale into your position instead of putting everything in at once.
Not financial advice.
Are you the buy-the-dip type, or do you wait for confirmation?
#BinanceSquare #MultiversX #Altcoins
