Im so newbie here but this is my way
Mostly binance futures If i trade but now due to financial problems i can't trade so much and don't have enough funds...untfortunately
I look for top gainers sometimes they go even higher so if coin is up 20% it might trap If i see still coin can move up i move on to short altcoins i look for bigger Marketcap altcoins If they are up 5% then i Open short and If there is no news or any reasons for further pump i Open short.
Right now i see etc/usdt extremly over-bought and fake-out so i did Open short it now. Price 17.065$ on binance i think good entry for short with this price now.
Enjoy
hope you like it let me know ur toughts aswell , thnx
Mostly binance futures If i trade but now due to financial problems i can't trade so much and don't have enough funds...untfortunately
I look for top gainers sometimes they go even higher so if coin is up 20% it might trap If i see still coin can move up i move on to short altcoins i look for bigger Marketcap altcoins If they are up 5% then i Open short and If there is no news or any reasons for further pump i Open short.
Right now i see etc/usdt extremly over-bought and fake-out so i did Open short it now. Price 17.065$ on binance i think good entry for short with this price now.
Enjoy
hope you like it let me know ur toughts aswell , thnx According to the cryptocurrency market movement I've seen lately, a short position is currently useless. Even day trading is not a useful activity at the time, in my opinion. If you look closely, you will notice that the resistance is fairly mild, but that it will abruptly give way to a big wave, causing the value to fall.
To those who think they can earn from short-term trading, I can only wish them luck, no matter how adept you are at analyzing or interpreting a trading chart. It might be possible, but it is undoubtedly rare. You won't be trading effectively if you solely rely on speculation.