🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC)
👋 Let's talk about the WOD/USDT pair because we might be in for a real rollercoaster next week! 🎢
🤔Here's the main news: the contract of the WOD project with the market makers ends on Tuesday! 📃➡️🗑️
For those who are not in the know, market makers are large players who provide liquidity on the exchange. Their departure ( or change of terms ) almost always leads to one thing — HIGH VOLATILITY! ⚡
🎯Prices can start jumping up and down so much that your head will spin! 🔄📉📈
Sharp spikes upwards (pumps) may occur due to news or low liquidity. 🚀
But sharp declines ( dumps ) are also possible if there is not enough buying support. 📉
Spreads ( the difference between the buy and sell price ) may temporarily increase. ⚠️
In short, prepare for unpredictability! 🤪
What to do? Tips from the experienced 🧠Don't panic! 😱
➡️😎 Panic is the trader's greatest enemy. Make informed decisions.
Check your stop losses! If you have open positions, make sure your stop loss orders are set correctly. This can protect your deposit! 🛡️
Keep an eye out! 👀 Tuesday is the day to pay special attention to the chart. Don't leave large positions unattended.
Take this as an opportunity! For experienced traders, volatility is a chance to make good profits on big movements. But remember: it's risky! 💰 #TopContentChallenge#