USTC/USDT SPIKES +300% WITHIN 24 HOURS. SHOULD YOU TRADE NOW?

#USTC/USDT #newlistings #Newbies

USTC/USDT has indeed made an outstanding +300% pump in the past few hours. Why?

HERE IS THE BACKGROUND STORY

USTC is the initials of Terra Classic USD that was launched in September 2020, originally called USDT. It made a significant performance but later crashed so hard in 2022. This great loss perhaps was a disguised blessing for its sister coin LUNA. It’s been a year now since USTC crashed thus it’s massive comeback may not be surprising after all.

Nonetheless as a new trader for either Spot or Futures, the picture in this article marked yellow is your cue. The figures next to “You” is always the actual price you should look at before trading. That is, the numbers in grey colour is the actual price for you to look at.

In addition, you could sometimes use some info on Binance as your cue. Example

Arrow 1 near the green numbers in the picture are the traders buying and arrow 2 near the red numbers are those selling. Sometimes the last numbers on both sell and buy can show the direction of the chart candles. The larger the amount is on the sell side, the steeper the candle falls hence the price decrease. Vice versa.

In this picture you see the long green candles at the time of this post? it means more are buying while few are selling thus scarcity sets in. This makes the price of the coin higher. As to whether you should buy or not depends on your research and analysis. Trade wisely.

More lessons coming. Cheers to USTC for its comeback🌹🌹🌹

Follow, share and comment if you like more fro this post.