Based on my years of losing money experience😂
Let’s discuss the short-selling issue with this meme coin.
$MOODENG has risen 10 times from the bottom, and most of the surge happened within a week, after which it entered a consolidation phase, accompanied by significant surges. If you were lucky enough to buy at a low point, then you’re very fortunate; congratulations on profiting by riding the coattails of the market makers.
Conversely, if you think it has surged a lot, and you’re questioning why a worthless meme should rise, wanting to short it, that would be quite foolish. This is when the classic saying comes into play: don’t short what you think is going down. For these coins that are highly manipulated by market makers, the expected return from shorting is very poor.
So, can we short such foolish coins? It’s quite simple.
1. Such coins will often experience a rapid decline after breaking through a very high point or after a massive surge within a day. You just need to catch that rapid decline during the intermediate period, decisively short it, ride the downward trend to collect profits, and set a stop-loss ($TRB PUMP GAS LAYER) etc., all follow this principle.
2. After BTC reaches the peak of its upward cycle, mainstream altcoins often begin to decline. At this point, meme coins are usually also at high levels; they will quickly lose most of their liquidity, and the market makers will not push the price up anymore, making it a good time to short.
Similar memes can be operated in the same way, $NEIRO , etc.
Let’s discuss the short-selling issue with this meme coin.
$MOODENG has risen 10 times from the bottom, and most of the surge happened within a week, after which it entered a consolidation phase, accompanied by significant surges. If you were lucky enough to buy at a low point, then you’re very fortunate; congratulations on profiting by riding the coattails of the market makers.
Conversely, if you think it has surged a lot, and you’re questioning why a worthless meme should rise, wanting to short it, that would be quite foolish. This is when the classic saying comes into play: don’t short what you think is going down. For these coins that are highly manipulated by market makers, the expected return from shorting is very poor.
So, can we short such foolish coins? It’s quite simple.
1. Such coins will often experience a rapid decline after breaking through a very high point or after a massive surge within a day. You just need to catch that rapid decline during the intermediate period, decisively short it, ride the downward trend to collect profits, and set a stop-loss ($TRB PUMP GAS LAYER) etc., all follow this principle.
2. After BTC reaches the peak of its upward cycle, mainstream altcoins often begin to decline. At this point, meme coins are usually also at high levels; they will quickly lose most of their liquidity, and the market makers will not push the price up anymore, making it a good time to short.
Similar memes can be operated in the same way, $NEIRO , etc.