The Logic of Shorting HOME
Today during the day, the price of HOME was unusually strong. In hindsight, it is very likely that some insiders already knew about HOME being listed on Binance spot trading, which is why the price of HOME kept rising.
After Binance announced the listing of HOME on spot trading, HOME surged, and then it continued to rise until 10:30 PM when it went live on spot. At 10:30 PM, once it went live on spot, insiders started to sell off.
The best point to short HOME was at that moment of 10:30 PM.
The lesson learned is that if a cryptocurrency is only listed on Binance futures, one should not easily short it, as it is very likely to be listed on Binance spot trading.
Being listed on Binance futures indicates Binance's recognition.
The best point to short is often at the moment it goes live on Binance spot trading.
