Obviously, this is not going to end well.
Illiquid coins, and most of these moves are being fuelled by short liquidations.
People short only because they think, “It has pumped so much, so it should go down now.”
The only good way to long or short something is by observing a lower timeframe shift or a euphoric spike up.
Observe it on the 15-minute or 30-minute timeframe:
* Structure shift
* Liquidation spikes
That is when you take a counter-trend trade.
Anything you do before that, you are just adding more fuel to the move.
Illiquid coins, and most of these moves are being fuelled by short liquidations.
People short only because they think, “It has pumped so much, so it should go down now.”
The only good way to long or short something is by observing a lower timeframe shift or a euphoric spike up.
Observe it on the 15-minute or 30-minute timeframe:
* Structure shift
* Liquidation spikes
That is when you take a counter-trend trade.
Anything you do before that, you are just adding more fuel to the move.