Tutorial on simple coin screening So last night I closed the syrup and moved to KAITO The reason?? AI narrative can generate money inflow Can be seen TAO has been running for 2 days Virtual is also rallying Even Wld is also rallying And when I looked at Kaito, it turned out that the chart was a bullish checkmate and not running + negative funding fee Why is the negative funding fee actually LONG?? Isn't it against the trend?? I looked at the liquidation map, if the price successfully breaks out, there is a high chance of a short squeeze
Without thinking long, I immediately entered and it turned out in the morning I checked it was flying!!
So the simple screening method is to see where the inflow is going in the narrative - Then see if the main coin in that narrative has started running - Check if the candle chart is good or not for entry - If you are confident with the analysis, go ahead and execute
Why do I often take long positions and very rarely short?? Because shorting is too risky.
So if I take a long position and the price goes the wrong way and drops, it can drop a maximum of 100% to become 0.
But if I short and the price goes up. The price increase is infinite, it could be 200, 300, 500%, for example, this light coin. And shorting on a coin that is rallying strongly is expensive and nonsensical.
Imagine you short in the wrong direction + incur funding fees, that's called double trouble!#BTC90kChristmas $LIGHT