After the counterfeit coin hits a new high, I will pay special attention from then on. After a new high, there’s no trapped-coin supply above, and there’s no pressure level; everything depends on the actions of the main players and the market sentiment they stir up. During that process, you may get beaten repeatedly—no matter whether you bet on larger timeframes or do short trades with a high risk-reward ratio, the losses can be significant.
After the new high, they keep shorting continuously. Big capital openly declares the short; they may lose over a million dollars at the drop of a hat. That could be hedging, or arbitrage. It could also be some “dog trader” operation. They will never show you their profits. This is what they call “building momentum.” Grassroots traders love seeing huge losses. In reality, it’s just a player (a syndicate) that’s been running the show; once they’ve harvested you, you still go and lick the wounds. There’s nothing you can really do about that.
In short, after a new high, trying to short at the top doesn’t really make sense. LAB.aia.coai.myx.rave—those that aren’t making a new high are still basically surging higher all the way with almost no chance for you to get on board. Once you get scared of heights, a squeeze happens, then it’s a straight run of shorting and getting hit the whole way.
I remember there’s a game between the syndicate and the idle side called “The Dragon-Slayer Boy,” right? After ten rounds of the syndicate, the Dragon-Slayer Boy appears and keeps buying the idle side with increasing bets.
When you encounter a “long dragon,” you shouldn’t buy by following the trend. Buying by following loses you once. But if you buy against the trend, there’s no floor…
By inviting KJ888 through the rebate commission, you can join the Binance strategy chat room!
After the new high, they keep shorting continuously. Big capital openly declares the short; they may lose over a million dollars at the drop of a hat. That could be hedging, or arbitrage. It could also be some “dog trader” operation. They will never show you their profits. This is what they call “building momentum.” Grassroots traders love seeing huge losses. In reality, it’s just a player (a syndicate) that’s been running the show; once they’ve harvested you, you still go and lick the wounds. There’s nothing you can really do about that.
In short, after a new high, trying to short at the top doesn’t really make sense. LAB.aia.coai.myx.rave—those that aren’t making a new high are still basically surging higher all the way with almost no chance for you to get on board. Once you get scared of heights, a squeeze happens, then it’s a straight run of shorting and getting hit the whole way.
I remember there’s a game between the syndicate and the idle side called “The Dragon-Slayer Boy,” right? After ten rounds of the syndicate, the Dragon-Slayer Boy appears and keeps buying the idle side with increasing bets.
When you encounter a “long dragon,” you shouldn’t buy by following the trend. Buying by following loses you once. But if you buy against the trend, there’s no floor…
By inviting KJ888 through the rebate commission, you can join the Binance strategy chat room!