Usual Coin Ready for Spot Market Launch
Usual is heading into an important phase of its development, as it will be removed from circulation on December 17 in preparation for its launch on the spot market. We are now in the pre-market phase, making this a great opportunity for investors who want to benefit from the price movements associated with this transition.
Pre-market buying opportunity
When a currency is launched on the spot market, there is often a sudden price spike in the first few minutes. Some investors take advantage of this spike to make quick profits by selling. However, one should be aware of the possibility of so-called “whales” influencing the currency during this period.
Whale Strategy and Its Impact
Large investors or “whales” may push the coin down during this phase in order to buy large quantities at low prices. As the launch date approaches, the price may rise significantly due to increased demand. Therefore, it is necessary to be cautious and monitor the market carefully to avoid making rash decisions.
Recommendations for investors
1. Study the market carefully: You have 5 days to monitor currency movements and analyze trading strategies.
2. Exploiting downside opportunities: If the current downside is 5%, you can place a buy order when the price drops by an additional 10%, i.e. when the total downside is 15%.
3. Risk Management: Do not invest money that you cannot afford to lose, and always be prepared for volatility.
Final word
Launching on the spot market could be a watershed moment for Usual. If you decide to invest, try to focus on technical and fundamental analysis, and avoid being influenced by emotions or rumors. Remember that timing and a well-thought-out strategy are the keys to success in the cryptocurrency market.