Cryptocurrency Expert Advises Traders Not to Short Every Pump
Coin Edition
17 Sep 2023 11:35 AM
According to Whale Analysis, there is a new trend where a few coins pump over 50% in a day with no identifiable reason. Read more....
- Cryptocurrency traders are advised not to short every pump, as there is a new trend where coins pump over 50% in a day with no identifiable reason.
- This trend has become a weekly occurrence and has a way of liquidating short positions.
- Whale Analysis, a character that claims to help people make money in the bear market, shared this advice on the X app.
- Some coins that have experienced significant pumps include CYBER, PERP, TRB, and HIFI.
- Traders intending to short these coins are advised to use a small percentage of their futures portfolio, keep low leverage, and set stop losses.
The sentiment of the article is cautionary, advising cryptocurrency traders to be careful when shorting coins that experience significant pumps.
You May Ask
What is the new trend in the cryptocurrency market?Why are traders advised not to short every pump?Which coins have experienced significant pumps recently?What advice does Whale Analysis give to traders intending to short these coins?What is the sentiment of the article towards shorting coins that experience significant pumps?