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X mucaN
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Bearish
So, there is this strategy where people make good money shorting Airdrop coins like $NEWT and it can sometimes be highly volatile and risky, but a lot of people are making money from it 🗽🔥
When people wanted to claim their $NEWT rewards, ( one of which someone got $30,000 worth of tokens ), the coin was trading at $0.84 and as people started claiming, the coin started dumping.
We will drop a screenshot of when $NEWT was trading at $0.84 in the comment section, we took a short at that price and closed at $0.48.
To make money from this, you need to check if the project allocated a lot of tokens to their community, once it is time to claim, open a short position using a max of 10x leverage and short the coin.
Once people start claiming, they will start selling and the price of the coin will dump greatly.
When people wanted to claim their $NEWT rewards, ( one of which someone got $30,000 worth of tokens ), the coin was trading at $0.84 and as people started claiming, the coin started dumping.
We will drop a screenshot of when $NEWT was trading at $0.84 in the comment section, we took a short at that price and closed at $0.48.
To make money from this, you need to check if the project allocated a lot of tokens to their community, once it is time to claim, open a short position using a max of 10x leverage and short the coin.
Once people start claiming, they will start selling and the price of the coin will dump greatly.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
NEWT
0.3719
-15.74%
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