Based on my years of losing money experience😂
Let me talk about the shorting issue of this meme coin.
$MOODENG has indeed risen 10 times from the bottom, with most of the surge completed within a week, followed by a period of consolidation, which was accompanied by significant surges. If you were lucky enough to buy at the lows, then you are very fortunate; congratulations on profiting from the favorable conditions set by the market makers.
Conversely, if you think it has risen a lot and question why a worthless meme should be valued so high, and you want to short it, that would be very foolish. At this moment, the classic saying applies: look bearish but don't short. For coins that are heavily controlled by market makers, the expected return from shorting is quite poor.
So, can we short such foolish coins? It's quite simple.
1. This kind of coin will often experience a rapid decline after breaking through a very high price level, or after a massive surge within a single day. You just need to catch that middle segment of the rapid decline, decisively short it, ride the wave of the decline to collect profits, and set a stop-loss ($TRB PUMP GAS LAYER) and so on, all follow this law.
2. After the peak of the BTC rising cycle, mainstream altcoins often start to decline, and at this time, meme coins are usually at high levels. They will quickly lose most of their liquidity, and the market makers won't push the price up again; this is the moment to short.
Similar memes can be operated in the same way, $NEIRO , etc.
Let me talk about the shorting issue of this meme coin.
$MOODENG has indeed risen 10 times from the bottom, with most of the surge completed within a week, followed by a period of consolidation, which was accompanied by significant surges. If you were lucky enough to buy at the lows, then you are very fortunate; congratulations on profiting from the favorable conditions set by the market makers.
Conversely, if you think it has risen a lot and question why a worthless meme should be valued so high, and you want to short it, that would be very foolish. At this moment, the classic saying applies: look bearish but don't short. For coins that are heavily controlled by market makers, the expected return from shorting is quite poor.
So, can we short such foolish coins? It's quite simple.
1. This kind of coin will often experience a rapid decline after breaking through a very high price level, or after a massive surge within a single day. You just need to catch that middle segment of the rapid decline, decisively short it, ride the wave of the decline to collect profits, and set a stop-loss ($TRB PUMP GAS LAYER) and so on, all follow this law.
2. After the peak of the BTC rising cycle, mainstream altcoins often start to decline, and at this time, meme coins are usually at high levels. They will quickly lose most of their liquidity, and the market makers won't push the price up again; this is the moment to short.
Similar memes can be operated in the same way, $NEIRO , etc.