How suitable Chainlink for futures with current price?
Hello everyone, I’m just starting to get into cryptocurrencies and want to understand the analytics before trying real game. I recently came across a Chainlink guide and i thought it was a good idea to read it. But to be honest, though, I got lost in all the numbers and metrics. This Chainlink LINK oracle token overview on itrusty.io contains a lot of data, such as price, trading volume, 24-hour changes, and market capitalization, but I don’t know how to make sense of all this numbers. Like, how can I tell if the asset is currently at a good entry point for futures? Which metrics should I look at first to avoid mistakes? I would appreciate any advice.
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I used to be confused by these indicators, too. It's normal when you're just starting out. In short, when trading futures, it's important to consider not only the price, but also the trading volume and overall trend. For example, if the price and volume both increase, it's a stronger signal to enter. If the price moves without an increase in volume, the movement may be weak. Initially, I watched the LINK chart for a few days and opened small positions to understand its behavior. This will help you figure things out faster.