I wouldn't call those types of trades "short term" because you still have to wait to see a big value decline,
then you also have to wait for buying to oversaturate before the price moves up which can still take up to 5 days
Rule of thumb for me when trading older coins you will always have to have a longer term way of trading
You make more money that way
With brand new coins like you guys were saying, they move fast, they shoot up fast and fall fast
so you have to take a short term approach with those kinda coins
you are basically mimicking the coins movement
if you are going after those short term flips you really have to know your shit