Hi, sorry if this is a blatant repeat but I'm after some up to date info on this topic.
What are some of the red flags you'd look out for when aiming to avoid trades you could potentially get stuck in on the Binance USDT market?
A specific minimum 24h volume on that coin i.e. $100k? Basically how much liquidity do you look for to feel confident...
Are there coins that are notoriously tricky to trade for other reasons perhaps?
I'd appreciate any tips on this. Thanks.
The biggest thing to stay away from if you're trying to do technical analysis is to try and avoid new coins with hardly any history. That should be pretty obvious though. As far as volumes and trading pairs go, I never really pay attention to any of that. The only thing a low volume may do is cause you to have to wait a little bit longer for a trade to go through and it's not something that usually bothers me. All trading pairs are fine as long as it's not a stable coin that isn't going to move and even some of those have had a price fluctuation of a few cents you could make a profit off of.