We inform you that the functions of Price Trigger in crypto are as follows:
- Trigger Significant Price Changes
Price Trigger acts as a catalyst that can trigger significant price changes in a relatively short period of time. For example, the announcement of a new product launch, a strategic partnership with a major company, or the result of a technical change in the blockchain network can cause a rapid and powerful price spike. - Informing and Influencing Trading Decisions
Traders and investors watch price triggers to identify possible opportunities or risks. Price Triggers can provide information on potential market direction, either to buy (long) or sell (short), as well as to adjust their trading strategies. - Reflection of Market Sentiment
The specific news or event that becomes a Price Trigger often reflects the overall market sentiment towards a particular crypto asset or the crypto market in general. For example, positive news can increase optimism and investor interest, while negative news can cause panic or concern.