ONDO:What are the implications of being listed on an exchange?

8月6日

Hello friends🙌

What are the implications of being listed on an exchange?

✅Well, the first question that comes to mind when a currency is listed on an exchange is what impact does it have? Will the price be pumped or dumped? Let's examine it together.

✅Well, many currencies are listed on exchanges, and not every currency that is listed is necessarily pumped or dumped.
Many factors are involved in this, the most important of which is the chart.

✅So, if we look at the chart of this currency in the 30-minute time frame, which can be considered a short-term time frame, we see that we had a decline due to the selling pressure in the market for the past few days, and now we see that in the third leg of the Fibonacci, buyers supported the price and created higher lows.

✅Now, these higher lows alone are not enough for us to buy, we need other confirmations, the most important of which is a valid breakdown of the identified resistance.
By breaking this resistance validly, we can buy in the areas we have identified for you in a stepwise manner, with capital and risk management, and move towards the specified goals.
If it fails to break the specified resistance and the buyers do not have enough power, we will refrain from buying it.

✅So this was the listing of currencies on the exchange and its impact on the currency price.✅

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8月7日

トレード終了: 利益確定目標に到達