Now the daily trading volume of BOME on Binance is only half of the previous one. I think many experienced friends, especially those who understand the trading routine, must know that BOME will probably continue to pull up after a wash. But I don’t know when and whether we can hold it. What is the best position to buy at the bottom?
After all, shib, doge, pepe, bonk, and floki all went public on Binance and then pulled up again, with the lowest being 5 times (bonk) and the highest being 10-20 times (pepe and floki). If you look closely at the monthly charts of these stocks, you will find that they all went public after opening and then pulled up again.
New high or
The market is rising sharply, and the sentiment is extremely fomo. The daily line is rising with large volume. Most of the dealers pull the market when the sentiment is the most fomo and the market has the most hot money. Who would pull the market when panicking?
Of course, some people will ask, didn’t it hit 48,700 on 1.11? And what about the period at the end of October last year? Yes, in those two times, the market rose again, the sentiment was good, and the meme project mentioned above also pulled up, but it was not much, a few dozen points, at most less than 200 points. Generally, the daily trading volume rose in large volume, breaking through the previous decline, and it would not fall quickly, and it would naturally start. Then it rose to a circulating market value of nearly 3-4.5 billion US dollars.
Some people may ask, that's not right, that's not the case with wif, it continued to rise after opening on Binance, and it's still rising today. Yes, but before listing on Binance, before the large-scale rise at the end of February, wif had been in a wash for more than a month. The current market value has exceeded the peak of pepe's 4.5 billion US dollars.
Well, at this point, my friends will definitely say, I understand, Bome is now around 800 million, buy it, hold on, you can still get several times more.
. . First of all, you don’t know if there will be a better bargaining price at present. Don’t forget, experienced friends should also know. Before the decline stabilizes, it is possible that the daily level will continue to fall, and the trading volume is also very low. For example, before Pepe, Bonk, etc. Also, when will the next BTC surge or break through or even a new high bring about emotional fomo?
Fans who read my articles know that the current interest rate hike is on hold, and the sentiment should be good from now until the halving date. It depends on whether ETFs and funds can support it (The above only represents my personal opinion, combined with the conclusion drawn from trading volume, sentiment, the market, historical experience, market value, etc. Welcome to discuss.
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