Here’s a trading technique you may not have encountered yet. To reveal it, follow these steps:
1. Start by reviewing the heatmap to pinpoint tokens with the highest and lowest percentage fluctuations. Focus on the top 1-5 performers in each category. 2. Then, head over to the homepage and take note of which tokens are generating the most buzz on Binance Square. Cross-reference this with the list you compiled earlier. 3. Finally, examine the total percentage change from the initial impulsive wave to the most recent one.
The key to this indicator lies in the cumulative percentage gain or loss—whether it’s 15%, 25%, 35%, 40%, or even 70%. These figures can be invaluable for making informed trading choices. If the price rises by more than 11%, brace yourself for possible retracements, which could signal short-selling opportunities, particularly if the rise reaches or exceeds 75%. On the other hand, if a token’s price drops by over 19%, you may also see retracements, creating potential for long trades, especially when nearing an 75% decline.
Leverage this knowledge with care, and always trade with caution as these market movements could present valuable opportunities when approached strategically.