Cryptocurrency Expert Advises Traders Not to Short Every Pump
- Cryptocurrency traders have been advised not to short every pump.
- There is a new trend where coins pump over 50% in a day with no identifiable reason.
- The emerging trend has a way of liquidating short positions.
Crypto traders have been advised not to short every pump. The advice appeared in a post on the X app by Whale Analysis, a character that claims to help people make money in the bear market. According to Whale Analysis, there is a new trend where a few coins pump over 50% in a day with no identifiable reason.
DON'T SHORT EVERY PUMP
— Whale Analysis (@Whaleanalysis) September 16, 2023
Every week, there are a few coins that pump over 50% in a day, and we don't know the reason behind it.
Right now, we are witnessing a major pump every week that is just liquidating every short.
First it was #CYBER, then it was #PERP, and…
Whale Analysis noted that this trend has become a weekly occurrence and has a way of liquidating short positions. He identified a few coins that have experienced such significant pumps in the past few weeks. They include CYBER, PERP, TRB, and HIFI.
Data from TradingView shows that CYBER rose from $3.65 on August 30 to $16.23 on Sep…
The post Cryptocurrency Expert Advises Traders Not to Short Every Pump appeared first on Coin Edition.
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Cryptocurrency Expert Advises Traders Not to Short Every Pump
- Cryptocurrency traders have been advised not to short every pump.
- There is a new trend where coins pump over 50% in a day with no identifiable reason.
- The emerging trend has a way of liquidating short positions.
Crypto traders have been advised not to short every pump. The advice appeared in a post on the X app by Whale Analysis, a character that claims to help people make money in the bear market. According to Whale Analysis, there is a new trend where a few coins pump over 50% in a day with no identifiable reason.
DON'T SHORT EVERY PUMP
— Whale Analysis (@Whaleanalysis) September 16, 2023
Every week, there are a few coins that pump over 50% in a day, and we don't know the reason behind it.
Right now, we are witnessing a major pump every week that is just liquidating every short.
First it was #CYBER, then it was #PERP, and…
Whale Analysis noted that this trend has become a weekly occurrence and has a way of liquidating short positions. He identified a few coins that have experienced such significant pumps in the past few weeks. They include CYBER, PERP, TRB, and HIFI.
Data from TradingView shows that CYBER rose from $3.65 on August 30 to $16.23 on Sep…
The post Cryptocurrency Expert Advises Traders Not to Short Every Pump appeared first on Coin Edition.
Read More