Shorting Highly Performing Tokens
My Experiment this month shorting big gainers is going well. Recently I closed a position on $1000CHEEMS with 90.50 USD profit.
The risk, As I said previously, extremely high. It's like standing infront of a bullet train and attempting to dodge it in the last second.
My strategy, Very simple Put your Limit order slightly above where others put their Stop loss.
Another reminder that overlying on Technical analysis will make us pray to Institutional Traders and market makers. Hence, we should never underestimate the power of #Orderflow analysis.
