$BTC $ETH $BNB The basic principle in trading is "Trend is your friend. 👉 "From last night until this morning, I witnessed several Altcoins pumping extremely hard by following BTC’s trend. However, instead of buying in or going long along with the trend — or simply staying out if it looked too risky — many people chose to heavily short these coins like $BABY, $LUNC , and even $GENIUS , which is currently very hot with 4x volume on Binance Alpha. 👉 Their mindset is quite naive. They think the price is already high and “can’t go any higher,” so they keep shorting these coins, often without a stop-loss, resulting in blown accounts. Previously, RAVE sent countless shorters packing because it went straight from 0.5 to 28 USD. If you were short during that move, no amount of money could withstand it. 👉 My principle is very simple: “Trend is your friend”. Especially on charts where the RSI is hovering around 80 or even above 90 like $BABY right now — you absolutely should not short. nice projects .....
$BTC Same game… nothing really changed under the hood. $LAB $UB This push up? Still spot doing the heavy lifting. Real buyers stepping in. Meanwhile perps kept fading it… and yeah, they got run over again. Feels like déjà vu at this point. Every leg higher this past month has the same fingerprint. Until that shifts… hard to argue against another push up. Just is what it is. But right now things feel a bit… quieter. Spot volume kinda dried up. Open interest pulling back a bit. Funding moved from negative back to flat, so yeah, shorts getting out again, not pressing anymore. Here’s the part that makes me pause though… Funding reset, but OI still sitting pretty high. That usually means new longs stepped in with leverage. And if spot doesn’t come back to support this… those guys might be next in line. Not saying it dumps right here, just saying… if there’s no real buying behind it, someone has to pay. Seen this movie before.