Through two recent voice broadcasts on Binance, I found that many friends do not understand how to obtain the fundamentals and information of a coin.
However, in the crypto market, especially for altcoins, fundamentals and news are unavoidable. Technical aspects alone are not enough to have a perfect layout of hot spots and tracks. Today, Lao Ai will summarize the sources of coin selection logic and information websites:
Coin selection logic:
Distributed layout of sectors and tracks
Market hot money dynamics
Morphology
Long-term hot spots Mainstream narrative hot spots
1. Plate track
Many new friends cannot tell which sector or track the coins on the market belong to. This is a big misunderstanding. When the market is hot, the sectors rotate. Often when the leading stocks are moving, we can seize the opportunity to choose the related sector coins that have not moved and follow up the orders to enter the market [this is a must in the fomo market], but if you are not clear about the relevance of the sectors, then you can only wait and see, or even chase high prices.
The sectors on the market are: AI RWA DEFI Ethereum Layer 2 BTCL2 meme DEX etc.
So how to find the divided sections:
1. Binance spot section is also the most direct way to obtain
2. Learn more and remember more
3. Information websites: Non-small CMC (coinmarketcap.com) Gecko
2. Market dynamics
The most direct way is to check the rankings. Lao Ai has always maintained the habit of waking up and the first thing he does is to check the rankings.
The rankings can most directly reflect which track the hot money chooses to speculate on.
For example, the last two days, Binance launched new coins. The last two days, it was blockchain games. Then we can select coins with related tracks but no volatility on the same day, and then combine the technical aspects.
3. Morphological structure
Seeking bottom structure, bullish coins
Do less things that gamble on breakthroughs
This involves the technical aspects. You can follow Lao Ai and share your trading experience every day.
4. Long-term hot topics and mainstream narratives
The last cycle was dominated by DEFI blockchain games, which is obvious to all.
The hot topic of this round is AI RWA re-staking meme [This is an evergreen section]
Summarize:
Combining the above four points, the fundamental information can be obtained. Many project parties have also opened media accounts on Binance Square. Pay more attention to them to learn the latest news. Combined with the technical aspects, the overall idea of coin selection will basically come out.
Non-financial advice, mostly opinions