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.
When you are aiming for the safe position to trade in the USDT market and the liquidity must be at least 500k to make sure if you can do an instant dump to liquidate your tokens or coins. I just try to take such amount as the minimum amount to be used to trade in the safe position. This to prevent the bear market that can occur anytime and i can go out from the market instantly.
Just never try to trade in the coin which was having small liquidity and that will be a trap anytime.