$RARE ⚠️ This is a warning message, not for trading.
I knew many traders burned out their wallet because these kind of coin. When a coin rapidly rise up, you should not short it early.
It will takes around 5- 7 days to reach the peak, the price would x4 - x8 even x10 for NFT coin, its very risky if you short it.
I see rich traders with capital $500k-$800k were blow away because of liquidation manipulation.
Recommendations:
- If you see funding fee from -1% to -3%, you should not short because you will pay high fee for it.
- AND you see interval (count down) 2h - 4h with high fee, you should not trade it.
- Any coin that is your first trade must x3-x5 and small capital
Tips: if you frequently monitor the chart of these kind of coin, you will see funding fee is negative such as -2% or 3% with low interval, catch the dip then long it, set eligible stop loss. High funding fee is one of signal to long or short.
