Is participating in the premarket on Binance profitable?
USUAL was launched in premarket on Binance on November 19, 2024, for a quotation ranging from 0.0125 rejected to 0.57; an increase of more than 4000%.
Then its price drastically decreased for 3 days until reaching 0.2; a drop of more than 60% for the first buyers who were too greedy 😉,
and then started to rise again shortly before its official listing scheduled for December 15, 2024.
For those who bought it at the launch of the premarket at the market price, it was the terrible disappointment of having bought it too expensive, moreover some unfortunately sold it at a loss when it was enough just to wait for it to go back up.
To avoid this situation, several tips should be implemented:
- do not buy on the first day of the launch, wait for the inevitable correction a few days later
- do not place all these assets at once but plan to buy back the drop to accumulate more coins
- wait until the rise resumes in order to pocket profits commensurate with your risk-taking.
Of course, past events do not predict future events. The next premarkets may not unfold according to this pattern.
In conclusion, this USUAL premarket has been profitable for the most patient and the reckless.
Nevertheless, I advise you to sell it before its official listing because it may start at the same price as the lowest price of its premarket launch or to keep it long enough to make long-term profits.
On this, I wish you a lot of gains thanks to crypto currency!
