The crypto market is currently bullish rn, and i’m finally feeling optimistic again. I won’t lie i’ve been thinking about premarket trading lately because the past few ones i traded made me good returns.
I’ve seen there’s mixed sentiment when it comes to trading tokens on premarket and i can’t overlook the fact that it’s highly risky but when i check the technicals, the volume and liquidity of the token i have in mind, it has helped me a long way. Also, most especially its usecase. I remember when i traded Grass on premarket, the return was quite good, recently went for Initia and now I’m thinking of getting my hands on Sign after realizing, it’s powers tools like TokenTable.
But what would you check for, if you were to trade a token on premarket today ?
I don't trust the prices in the pre-market, because usually the prices there are far away when they are listed in the spot or futures. Once I tried that, I observed that most of them are also expensive in the pre-market then once they are listed in the spot, their price immediately drops.
Even if you pump the price, it usually ends up in a rugpull, not all but most of them, that's what happens most of the time with these coins.
So, I don't really trust in the pre-market.