$NIGHT Friends, we have a newly listed coin that has entered a phase of extreme volatility. This is a direct warning about the risk.
When a new coin enters the market, the price can drop massively in a very short time, as if it were plummeting down a cliff. The dominant force here is Selling (Short), but it is such a vertical drop that it is extremely dangerous to trade.
The current price is not a safe base.
- If the price continues to fall, there are no strong supports to stop it, greatly increasing the risk of liquidation.
- In this type of scenario, the smartest action is to stay out. We must let the market find a floor and show a period of consolidation (sideways movement) before even thinking about buying.
- Ignore this extreme volatility and focus on pairs that already have a clear structure and defined levels where you can safely place your Stop Loss.
Always remember, money is made in patience and risk management, not in the chaos of new listings. 😉❤️ Follow me and give me a like.
ALWAYS DO YOUR OWN RESEARCH..
