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.
You have a very nice strategy, but your losses might be more than your profits. How sure are you that the price of a coin has gotten to the top already? Future trading is kind of risky, and you can easily lose money in future trading. If you make any slight mistake, you might end up losing everything you put in the trade. Your strategy might be working for you, but I don’t really think that’s really a perfect strategy for future trading. You are just making assumptions that a particular coin has finished pumping, and what is left is for the coin to dump. I like the idea that you decided to post your strategy here, but it will be better if you do more research and come up with a better strategy to trade futures. And if you can’t trade futures, then it’s better to stick to spot trading.