Making Profits while Shorting 📉 is easier than Going Long 📈
Why? Here is the exact reason.
Pumps are super random and you never know when to enter because it could be based on recent News, New developments within the community, Token burn process, Pump and Dump group activities, or some other factors. There are no signs and nothing.
But, after reaching a certain point the pump is mostly followed by a dump, where everyone just sells their assets to take profits, resulting in significantly dropping the value of the asset and then comes the oversold zone.
where retail traders are trapped and in order to get out they need liquidity, People often think this asset is so cheap let me buy this but, truth is the trapped traders are just finding an exit to trim their losses.
You lose because you trade emotions which is the very 1st rule of trading. (Keep your emotions out of this game else you'll be piling losses)
Anyways how can you find an entry to Go Short?
Well there's no such thing that tells the exact entry point but, a little bit of research, basic maths and clever mindset can help you enter and exit profitable.
Key lessons: Never buy an oversold asset, Never trade emotions, Must have patience, and DYOR.
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