Avoid Trading These Cryptocurrencies Next Week for Solid Risk Management Planning
Saturday, 2 March 2024, 14:36
Top 3 Cryptocurrencies to Avoid Trading Next Week
Most cryptocurrency tokens have an ongoing distribution, which includes locked tokens under vesting contracts or pre-approved marketing strategies. Avoid trading these cryptocurrencies in the week of the token unlocks can partaken solid risk management planning.
Why You Should Be Cautious
- Traders often overlook distribution aspects and cliff unlocks, resulting in costly mistakes during scheduled sell-offs.
- The release of vesting contracts can lead to strategic sell-offs shortly after unlock, affecting market dynamics.
- Cliff unlocks and community/market funds liquidations may cause temporary selling pressure on specific cryptocurrencies.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.