1. Price Action ๐๐: Keep an eye on Bitcoin's movement as ETFs often correlate with BTC price trends. Significant price jumps or dips could indicate market sentiment changes.
2. Volume & Liquidity ๐ง: Check for trading volumes on Binance for any anomalies. Higher volume can signal institutional interest or retail FOMO.
3. Market Sentiment ๐: Positive news about ETF approvals or adoption can drive bullish momentum, while delays or rejections might cause dips. Use platforms like CryptoTwitter and news sites to track this.
4. Technical Levels ๐งฎ:
Resistance: Watch for key resistance levels to gauge breakout opportunities.
Support: Identify critical support zones to minimize downside risks.
5. Macro Indicators ๐: Keep an eye on broader crypto regulations, especially for ETFs, as they heavily influence investor confidence.
Would you like me to dive deeper into technical charts or specific Binance strategies for this ETF? ๐