High fluctuations in rates of cryptocurrencies tied to the U.S. dollar have created new opportunities for profit.
Recent months have been marked by a real storm for stablcoins – several times the USDN was split from the dollar value, the UST is ten times cheaper than the dollar, and even the USDT backed with reserves was losing up to 5% of its value in a moment. The above events could have been a real tragedy for users who neglected the rules of diversification and used only one staplecoin for all their transactions or savings.
Despite the challenging weekdays for the steiblocoin market, there are also the most opportunities for users with an aggressive trading style to make money on price movements during their most volatile times.
Peculiarities of approach and outlook
Among the most convinced supporters of technical analysis there is a common opinion that, apart from market data, charts and the stock chart, all other information about the asset is superfluous and sometimes even distracting from the main thing. It is hard to disagree with this at least partially in crypto market. There are many excellent projects with excellent fundamentals that the market ignores, while at the same time, promoted tokens, even without functionality, can grow in price, just because there are enough buyers and sellers who create the price of “funnies”.
Trading only the chart is exactly the approach worth adopting for users who want to make money on the price movements of unstable steibles. In this case, the purpose of the token, the team behind it and the development of scandals related to another fraud are absolutely unimportant – all this only distracts from the chart and often, according to supporters of this approach, is aimed only at forcing the market to move in the direction manipulators
Abandoning the desire to buy “cheap dollars” for the long term in order to wait for their price to recover, you can look at the charts of unstable prices from the other side, considering the worked out patterns of technical analysis, new trading opportunities and of course tightening stop-losses and take-profits for such high-risk
