Tips for investing in unlisted projects on #Binance
New coin $PYTH is as profitable as $Blur, why has blur been promoted in the past few days?
đ Blur has had an impressive growth of 316% from $0.16 to $0.66 in a few days. First, we can observe Blur list floor peaking at 8.3$ then gradually decreasing to 0.5$ and increasing slightly in a few days to 0.84$.
Then the price dropped to the $0.60 range and Binance announced the Future list and the price recovered slightly before falling continuously then to the $0.17 price range when no one mentioned it anymore. The price entered and accumulated, trading volume was low - > when enough accumulation -> test pump -> no selling force -> price is pushed up. (Figure 1)
Then announced the airdrop (The team receiving the air includes the DEV team) fud from CZ (offered goods) -> support the price, then announced the list spot -> the price has increased sharply.
Previously, Blur began paying the fund to push prices up to create a good price base for MM and the fund to take profits, which is understandable (MM Wintermute).
đ°đ°So how to invest in PYTH?
đWhat #Pyth and #Blur have in common is that they initially did not list Binance. Currently, PYTH has also listed futures on Binance and the price has increased a bit. (Figure 2)
As you can wait for PYTH to also fall deeply, when everyone criticizes it -> low vol accumulation price -> when the candles appear on the day of testing, then we gradually collect them and wait for the spot list on Binance to finalize. . Capital should be divided into DCA to reduce risks and create a more peaceful state of mind to withstand market pressure.
đNot only PYTH, you can use these tips to apply upcoming projects whose initial listing is not listed on Binance. You should do more basic research to increase accuracy.
đšNote: This is my personal perspective, each person will have different tolerance levels for profit and loss. Set SL TP according to each person's tolerance. It may not be right if the upcoming market is too fomo.
đWish you guys success.đ
