Post
Topic
Board Altcoin Discussion
Re: Tip and Tricks about when to buy or when to sell?
by
Jackl87
on 15/02/2023, 09:35:05 UTC
Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.

There is no such thing as a bad question so don't hesitate to ask here. I am also not an experienced day-trader or something like that so for me it is also pretty hard to tell when the perfect time is to invest into a project, but i would also guess that no one really knows the perfect time for that. All we can do is guess. There are a few indicators though, that can give you at least an indication where the price of a project might go soon. You can look at the order book for example when you are using centralized exchanges like Binance, Kucoin and so on. If the buy side is way bigger than the sell side, then it is very likely that the sell resistance will be broken soon and that the price will rise.