Stop Buying Binance Top Gainers! You're Probably Becoming Exit Liquidity for Someone Else.
Just because a cryptocurrency is up 30%, 50%, or even 100% doesn't mean it's a good investment or a good day trading opportunity.
In fact, some of the worst trades beginners take are buying coins that have already made massive moves.
Here's what happens.
You open Binance Futures.
You check the top gainers.
You see a coin pumping 40%.
You immediately open a LONG position because you think it's going to pump another 50%.
A few minutes later, the price starts reversing.
Your position goes into loss.
#askanda #askandacrypto #CryptoTrading. $BTC $DASH
You panic, move your stop-loss, and eventually get liquidated.
Sound familiar?
Just because a cryptocurrency is up 30%, 50%, or even 100% doesn't mean it's a good investment or a good day trading opportunity.
In fact, some of the worst trades beginners take are buying coins that have already made massive moves.
Here's what happens.
You open Binance Futures.
You check the top gainers.
You see a coin pumping 40%.
You immediately open a LONG position because you think it's going to pump another 50%.
A few minutes later, the price starts reversing.
Your position goes into loss.
#askanda #askandacrypto #CryptoTrading. $BTC $DASH
You panic, move your stop-loss, and eventually get liquidated.
Sound familiar?
