Writing
Assalam-o-Alaikum!
Today I'm going to share something that Binance might not like, and this post could even get removed. But I feel it's my responsibility to share this information with you.
Let's get straight to the point:
If a coin is falling while its trading volume is increasing, don't rush to buy it. There's a high chance you'll end up in a loss, and the coin may remain in consolidation for a long time.
Example:
Right now, HOME/USDT is trading around 0.00835, while its trading volume has increased to 97M+.
This could mean it's not the right time to buy. Consider waiting until the volume drops to around 10M, then analyze the market again before making a decision.
Save this post if you found it helpful, follow for more trading insights, and don't forget to share your feedback.
Note: This is for educational purposes only, not financial advice. Always do your own research before investing.
Assalam-o-Alaikum!
Today I'm going to share something that Binance might not like, and this post could even get removed. But I feel it's my responsibility to share this information with you.
Let's get straight to the point:
If a coin is falling while its trading volume is increasing, don't rush to buy it. There's a high chance you'll end up in a loss, and the coin may remain in consolidation for a long time.
Example:
Right now, HOME/USDT is trading around 0.00835, while its trading volume has increased to 97M+.
This could mean it's not the right time to buy. Consider waiting until the volume drops to around 10M, then analyze the market again before making a decision.
Save this post if you found it helpful, follow for more trading insights, and don't forget to share your feedback.
Note: This is for educational purposes only, not financial advice. Always do your own research before investing.
