Recently researched shorting new coins. Although it doesn't seem so easy, it is indeed possible to make money. I traded a total of 6 cryptocurrencies for everyone's reference.
Only play with small leverage shorts, high leverage is too easy to blow up, and new coins have too much volatility, so I only opened three times.
1. parti, opened a short at 0.33, almost at the lowest point, almost got liquidated (can check the K-line), take profit set at 0.2.
Return rate 118% (excluding handling fees and funding rates)
2. baby, shorted at 0.09, luck was not bad, originally set take profit at 0.06, didn’t reach it, woke up the next morning, everything collapsed, got liquidated (I suggest everyone set a stop loss, if there’s a profit, you can take the original price loss). On the morning of April 13th, I found that baby had risen a lot, it should start a downward trend, shorted at 0.132, currently not yet taken profit, return rate 92%
Comprehensive return rate -8%
3. prompt, opened a short at 0.18, at that time it was said that the on-chain airdrop was seized, major bad news, didn’t take profit, got liquidated, once soared sharply, when it dropped from 0.63 to 0.5, realized that this coin was about to start falling, opened a short at 0.51, took profit at 0.3
Comprehensive return rate 23%
4. WCT, opened a position last night, shorted at 0.36,
Current return rate 41.6%
5. bigtime, opened a position at 0.733, set take profit at 0.6, not yet taken profit,
Current return rate 45.9%
6. kernel, opened a position at 0.39, set take profit at 0.2
Current return rate 115%
Everyone must be cautious when opening positions, I am also experimenting, no recommendations are made. Also, when new coins go live, if they soar sharply, just don’t go and offer vegetables...
Above, I hope everyone can make money.
