Obviously, this is not going to end well.
These coins have low liquidity, and most of this move is happening because of short liquidations.
People are shorting just because they think, “It has pumped so much, so it should go down now.”
The better way to take a long or short trade is to wait for a lower-timeframe shift or a big euphoric spike.
Watch the 15-minute or 30-minute chart for: • Structure shift
• Liquidation spikes
When you see these signals, that’s when you can look for a counter-trend trade.
If you enter before that, you may just be adding more fuel to the move.$DOGE
These coins have low liquidity, and most of this move is happening because of short liquidations.
People are shorting just because they think, “It has pumped so much, so it should go down now.”
The better way to take a long or short trade is to wait for a lower-timeframe shift or a big euphoric spike.
Watch the 15-minute or 30-minute chart for: • Structure shift
• Liquidation spikes
When you see these signals, that’s when you can look for a counter-trend trade.
If you enter before that, you may just be adding more fuel to the move.$DOGE