This chart is down 96.64% in 43 weeks 📉 and shorting it could still have wiped you out.
Whenever a chart like this shows up, someone says “just short it and wait.” Fair instinct. Most mid-cap alts do bleed against BTC and USD once the hype fades.
But a chart only shows the path price took, with hindsight. It doesn’t show your liquidation price.
A short caps your profit at 100% and puts no cap on your loss. Low-float alts get 3x squeezes over a weekend on nothing more than a listing rumor. The coin can still end at zero while your position was closed out in week 6.
Then there’s carry. On a coin that’s already down 90%, funding can flip negative, which means shorts pay longs. Add borrow fees and you can be right on direction and still lose money holding it.
The people who actually profit from weak alts rarely sit in blind. They short around token unlocks, pair it against BTC to cut market-wide risk, or wait for a blow-off top to fail and then enter with a stop.
Being right about the chart and being profitable are different skills.
What’s hurt you more on alt shorts, squeezes or funding?
Not financial advice. $NOM
Whenever a chart like this shows up, someone says “just short it and wait.” Fair instinct. Most mid-cap alts do bleed against BTC and USD once the hype fades.
But a chart only shows the path price took, with hindsight. It doesn’t show your liquidation price.
A short caps your profit at 100% and puts no cap on your loss. Low-float alts get 3x squeezes over a weekend on nothing more than a listing rumor. The coin can still end at zero while your position was closed out in week 6.
Then there’s carry. On a coin that’s already down 90%, funding can flip negative, which means shorts pay longs. Add borrow fees and you can be right on direction and still lose money holding it.
The people who actually profit from weak alts rarely sit in blind. They short around token unlocks, pair it against BTC to cut market-wide risk, or wait for a blow-off top to fail and then enter with a stop.
Being right about the chart and being profitable are different skills.
What’s hurt you more on alt shorts, squeezes or funding?
Not financial advice. $NOM