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This is one of the biggest mistakes beginners make in trading.
They open a 15M or 1H chart, see a coin pumping 50–100% and immediately think, “It pumped too much, time to short.”
But when you zoom out to a 1D, 3D, or weekly chart, you realize that the coin is still sitting almost at the bottom.
Look at $LAB here. On a 1H chart, it looks like a huge pump from around $0.045 to $0.086, but on a 1D timeframe, you will see that it dumped from $20 before.
If a coin dumped from $10 to $1 and then pumps from $1 to $2, that 100% pump does not automatically mean the price is too high and it is ready to dump again.
This is why scalping is not as easy as people think. I always use higher timeframes to understand the main direction first, then lower timeframes to find a good entry.
I promised another giveaway, so I am giving away $150 SOL to 10 winners
1. Like + RT
2. Drop your wallets
3. Join my TG https://t.co/De03xDKdlW
Doing this much so more people can eat.
Stay safe, and hopefully I can take you out of the trenches.
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$INJ is up 40% YTD, while its RWA perpetual volume has scaled to $5.3B in cumulative trading.
In this article, we look at how @Injective's 135 active RWA perpetual markets, onchain orderbook, and unified liquidity are powering that growth.
Read the full article 👇
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