I've heard a trader say that he uses market cap in relation with the current price, to easily determine where the high or low of the market is – allowing you to plan ahead when placing your trades.
How do you do this?
Any idea?
JH
Better look at the volume rather than the market cap because there are some dead tokens still have pretty good market cap value just because it got listed on some shit exchanges with no real trading volume.
Ok, how would you use volume to give you an indication of current or future highs and lows?