Three Binance Futures pairs caught my attention today: APP, SOXS and LYN.
I checked the Binance Futures list, and these were the top three gainers showing on my screen.
$APPB USDT: Price was 359.93, up 36.21%, with 128.18M in displayed volume. That's a big move. I wouldn't rush into a long after such a sharp rise. I'd rather wait for a pullback and see if buyers step in again.
$SOXSB USDT: It was trading at 71.56, up 31.38%, with 824.21M in displayed volume. The volume caught my attention most here. Still, this is a leveraged inverse semiconductor ETF product, so its movements can be quite different from ordinary crypto tokens.
$LYN USDT: Everlyn AI was at 0.02088, up 27.86%, with 46.24M in displayed volume. I'd watch whether it can hold its recent gains instead of buying just because the price has moved quickly.
My suggested trade approach:
- APP: Wait for a pullback and a confirmed bounce before considering a long.
- SOXS: Be careful with the sharp move. Avoid chasing; wait for a clear setup.
- LYN: Watch the previous support area and look for a confirmed recovery before considering an entry.
I'd keep leverage low and place a stop-loss before entering. If the charts don't give a clear setup, skipping the trade is also a decision.
A coin being among the top gainers doesn't mean it will keep rising.
Which of these three are you watching?
$APP $SOXS $LYN
#BİNANCEFUTURES #CryptoTrading. #MarketWatch #writetoearn
I checked the Binance Futures list, and these were the top three gainers showing on my screen.
$APPB USDT: Price was 359.93, up 36.21%, with 128.18M in displayed volume. That's a big move. I wouldn't rush into a long after such a sharp rise. I'd rather wait for a pullback and see if buyers step in again.
$SOXSB USDT: It was trading at 71.56, up 31.38%, with 824.21M in displayed volume. The volume caught my attention most here. Still, this is a leveraged inverse semiconductor ETF product, so its movements can be quite different from ordinary crypto tokens.
$LYN USDT: Everlyn AI was at 0.02088, up 27.86%, with 46.24M in displayed volume. I'd watch whether it can hold its recent gains instead of buying just because the price has moved quickly.
My suggested trade approach:
- APP: Wait for a pullback and a confirmed bounce before considering a long.
- SOXS: Be careful with the sharp move. Avoid chasing; wait for a clear setup.
- LYN: Watch the previous support area and look for a confirmed recovery before considering an entry.
I'd keep leverage low and place a stop-loss before entering. If the charts don't give a clear setup, skipping the trade is also a decision.
A coin being among the top gainers doesn't mean it will keep rising.
Which of these three are you watching?
$APP $SOXS $LYN
#BİNANCEFUTURES #CryptoTrading. #MarketWatch #writetoearn
