1. Is this the right time to buy for a long term position?
Honestly, I don't think so. Narrative is strong, momentum is strong, but markets are going into waves.
If you'd want to be building a position, just wait for a correction to come. It will come. Probably comments will say that it will never come, but it will.
2. How about daytrading this asset?
Actually, this is a phenomenal one to daytrade, as it's doing clear support/resistance tests on a constant basis.
I don't think we'll see much more upside yet, and I'm looking to derisk a little more here in these ranges, but overall. $NEAR Congratulations.
I would argue that we might see a short correction, but that a test at the highs at $1.16 and $1.40 are still likely to happen in the coming period. $SUI
Genuine question guys. If i lose $100 in a crypto trade on Binance, where does that $100 go? Does it go to the person who took the opposite trade? Or does the exchange keep it? Or does it just... disappear? $AIN $BR $AVAAI