That is why we must not enter on asset with low liquidity.
Hello, traders.
In our telegram group, we started a discussion earlier today about why it is dangerous to enter assets with low liquidity.
And so we saw this asset on the daily chart.
Hey, take a look at SOLBTC. The price has been going up in the last few days, but the asset is recently listed, so we don't have many points to base it on this chart! I believe that a correction will come soon as the price is now far from the 20-period moving average.
On the 5 minutes chart, I see that this asset has liquidity problems, so I am afraid to buy assets with low liquidity because a big sale order can move the price considerably downwards.
And it happened after minutes, A simple decision prevents you from losing money in the market.
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In our telegram group, we started a discussion earlier today about why it is dangerous to enter assets with low liquidity.
Hey, take a look at SOLBTC. The price has been going up in the last few days, but the asset is recently listed, so we don't have many points to base it on this chart! I believe that a correction will come soon as the price is now far from the 20-period moving average.
On the 5 minutes chart, I see that this asset has liquidity problems, so I am afraid to buy assets with low liquidity because a big sale order can move the price considerably downwards.
And it happened after minutes, A simple decision prevents you from losing money in the market.
Follow us to receive more ideas like this