What is the meaning of gapping up in the context of cryptocurrency?

1 answers

• farshad jamshidiApr 01, 2021 · 4 years ago
  Gapping up is an interesting phenomenon in cryptocurrency trading. It's like a rocket taking off, leaving behind a trail of excitement and anticipation. When a cryptocurrency gaps up, it means that the demand has suddenly surged, causing the price to open significantly higher than the previous close. This can be due to positive news, market sentiment, or even a pump and dump scheme. As a trader, gapping up presents both opportunities and risks. It's important to stay updated with the latest news and market trends to capitalize on potential gains. However, it's equally crucial to exercise caution and not blindly chase the hype. Always do your due diligence and make informed decisions based on thorough analysis.
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