Phemex Announcements
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๐Ÿ“ฃ This is the official announcements channel of Phemex crypto exchange.

๐Ÿ’ฌ Join the discussion group: @Phemex_EN

๐Ÿ‘‰ Follow Phemex on Twitter: twitter.com/Phemex_official

๐Ÿ“ˆ Trade now: https://phemex.com
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๐Ÿ“Š What Is Tick Size & How To Use It In Crypto Trading ๐Ÿ“ˆ

๐Ÿ”น Tick size refers to the minimum amount by which the price of a stock or crypto can change.
๐Ÿ”น It is important to note tick size because it affects the price at which you can buy or sell a crypto and the fees you will pay for each trade.
๐Ÿ”น You can use tick size to your advantage by choosing a tick size that is appropriate for your trading strategy.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/what-is-tick-size

#PhemexAcademy #TechnicalAnalysis

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๐Ÿ“ˆ What is Standard Deviation: Measuring An Assetโ€™s Volatility

Standard deviation is a important statistical concept that allows us to measure the spread of data. It is used in many different fields, such as finance and engineering.

Standard deviation can be used to calculate the probability that an event will occur. It can also be used to find outliers in data sets, making it a helpful indicator in trading.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/what-is-standard-deviation

#PhemexAcademy #TechnicalAnalysis

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๐Ÿ”ฎ Bitcoin Price Prediction: Will It Ever Go Higher Than $20,000? ๐Ÿค”

Bitcoin has been incredibly volatile since it was first created, and its price has fluctuated wildly. In general, however, Bitcoin has seen substantial growth in both its price and its popularity as an investment asset.

Over the past few years, especially, Bitcoin has become increasingly mainstream, with a growing number of institutional investors adding it to their portfolios. While there is no guarantee that this trend will continue, it does suggest that Bitcoin could maintain or even grow its position as a top investment asset in the future.

Read more: ๐Ÿ”ฝ
https://phemex.com/academy/bitcoin-btc-price-prediction

#PhemexAcademy #TechnicalAnalysis

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๐Ÿค” When Is The Best Time To Sell Your Bitcoin and Crypto? ๐Ÿช™

๐Ÿ”น Selling oneโ€™s crypto at the wrong time can mean a direct loss or losing out significantly on potential gains.
๐Ÿ”น Panic-selling is the worst thing one can do; if the market crashes but coin fundamentals remain unchanged, it may be unprofitable to sell off especially at a loss, as this may result in the trader missing out on future gains.
๐Ÿ”น At the same time, one should never be overly attached to a crypto project that he is unable to cut his losses even when there is something fundamentally wrong with it.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/when-is-the-best-time-to-sell-your-bitcoin-and-crypto

#PhemexAcademy #TechnicalAnalysis

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๐Ÿค” Which Crypto to Buy Today for Long-term & Short-term? ๐Ÿช™

Unlike conventional investment assets that have a track record and fixed investment duration (like 10-year bonds), there really is no definitive time period for what constitutes โ€œlong-termโ€ and โ€œshort-termโ€ investing in crypto.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/which-crypto-to-buy-today-for-long-term-short-term

#PhemexAcademy #TechnicalAnalysis

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Fill or Kill (FOK) Order: An Alternative to Limit and Market Orders for Large Trades

๐Ÿ”น Fill or kill orders are conditional orders that are filled instantly once the security reaches a certain price level. An FOK order must be filled at 100% within seconds or itโ€™s automatically canceled.
๐Ÿ”น Fill or kill orders are not the same as market orders or limit orders; market orders are filled instantly at the market rate and limit orders can be partially filled and take time to reach fulfillment.
๐Ÿ”น The FOK order type is most commonly used to purchase large blocks of contracts. A trader can set a FOK order on Phemex and have their order filled instantly or canceled.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/what-is-fill-or-kill-fok

#PhemexAcademy #TechnicalAnalysis

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๐Ÿ“ˆ What Are Unrealized Gains and Losses? ๐Ÿ“‰

๐Ÿ”น Unrealized gains are โ€œon paperโ€ profits, meaning they are not actual, โ€œin-the-pocketโ€ profits.
๐Ÿ”น Unrealized gains and losses are subject to market fluctuations; until the asset is sold or disposed of, a gain can become a loss, and vice-versa.
๐Ÿ”น Unrealized gains are not subject to taxation as these are not actual gains.

Learn more: https://phemex.com/academy/what-are-unrealized-gains-and-losses

#PhemexAcademy #TechnicalAnalysis

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๐Ÿ“Š Cardano Price Prediction: An In-Depth Analysis ๐Ÿ”Ž

๐Ÿ”น Cardano, a proof-of-stake Layer 1 blockchain, has consistently ranked among the top 10 cryptos by market cap.
๐Ÿ”น Price analysis platform, bitNation, has given its native token, ADA a highest price prediction of $3.63 and lowest of $3.41 for 2030.
๐Ÿ”น Cardanoโ€™s roadmap sets out a strong path for growth and adaptability for a potentially positive long-term price prediction.

Read more: https://phemex.com/academy/cardano-price-prediction

#PhemexAcademy #TechnicalAnalysis

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๐Ÿ“Š Crypto Supply and Demand Zones: How to Buy Low ๐Ÿ“‰, Sell High ๐Ÿ“ˆ

๐Ÿ”น Supply zones are resistance levels where traders place sell orders to take profit, and demand zones are support levels where traders place buy orders to accumulate crypto.
๐Ÿ”น Supply and demand are economic principles that drive the financial markets. Supply is the amount being sold and demand is the amount being bought.
๐Ÿ”น Trading supply and demand zones can be enhanced using technical indicators such as Pivot Points (PP) which show core resistance and support levels, which are similar to the supply and demand zones.

Learn more: https://phemex.com/academy/what-are-crypto-supply-and-demand-zones

#PhemexAcademy #TechnicalAnalysis

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๐Ÿ“ˆ What Is Basis Trading? Profit From The Difference Between Spot & Futures Prices

๐Ÿ”น Basis trading is an arbitrage trading strategy in which a trader profits on the difference between the spot and futures market prices.
๐Ÿ”น Basis trading is mostly employed in the grains markets due to uncertainties in the harvest and the disparity between spot/futures markets once goods are shipped and delivered. It can also be used for crypto trading.
๐Ÿ”น The โ€œbasisโ€ in basis trading originates from the difference between the spot price and the futures price. If Ethereum (ETH) is trading at $1,500 on the spot market and $1,400 on the futures market, our basis is $100.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/what-is-basis-trading-profit-from-the-difference-between-spot-futures-prices

#PhemexAcademy #TechnicalAnalysis

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๐Ÿ“‰ What Is Crypto Consolidation? ๐Ÿ“ˆ

Crypto consolidation is a state in which crypto assets are not showing significant gains or losses in price, but rather moving sideways as viewed on a market chart. Itโ€™s important to learn more about consolidation periods in cryptocurrency markets and what it could mean for your trading strategy.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/what-is-crypto-consolidation

#PhemexAcademy #TechnicalAnalysis

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โ–ถ๏ธ How to Trade Bitcoin Safely: Trustworthy Bitcoin Trading

๐Ÿ”น
The collapse of cryptocurrency exchanges, such as FTX, means trustworthy Bitcoin trading is becoming increasingly important to all crypto investors.
๐Ÿ”น Bitcoin trading is safer when traders implement steps to prevent risk, such as choosing a reliable Bitcoin exchange that focuses on transparency, privacy, and regulation.
๐Ÿ”น Steps can be taken during trading to reduce risk and improve trade security. These include doing your own research and implementing buy and sell orders.

Learn more: ๐Ÿ‘‡
https://phemex.com/academy/how-to-trade-bitcoin-safely-trustworthy-bitcoin-trading

#PhemexAcademy #TechnicalAnalysis

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