everyone thinks catching the top on privacy coins is free money, but actually counter-trend leverage will wipe you out faster than anything else.
most traders blow up accounts simply because they refuse to cut losses on a runaway breakout, letting an ego short turn into pure portfolio devastation.
just saw a degen sitting on a -$113,680 unrealized pnl while trying to short $ZEC on perps. price pushed up another +1.75% and the position is just bleeding out. the guy literally joked his kids are eating steamed buns for dinner now.
ngl when older alts like $DASH or $ZEC start catching a random liquidity bid, standing in front of that freight train with heavy size is suicide. momentum does not care about your entry price.
are you guys still trying to short these random privacy pumps, or just riding the trend?
#cryptotrading #leverage #altcoins
most traders blow up accounts simply because they refuse to cut losses on a runaway breakout, letting an ego short turn into pure portfolio devastation.
just saw a degen sitting on a -$113,680 unrealized pnl while trying to short $ZEC on perps. price pushed up another +1.75% and the position is just bleeding out. the guy literally joked his kids are eating steamed buns for dinner now.
ngl when older alts like $DASH or $ZEC start catching a random liquidity bid, standing in front of that freight train with heavy size is suicide. momentum does not care about your entry price.
are you guys still trying to short these random privacy pumps, or just riding the trend?
#cryptotrading #leverage #altcoins
