To become a successful Short Trader, you need to be a crypto wizard to dodge the dumps. My Short Trading Strategy promises100% success. There is a very rare chance that this strategy fails. Following are 13 signs which help us to confirm a coming dump;
1. Relative Strength Index
When the Technical Indicator RSI (Relative Strength Index) is over 70, the coin is Oversold and the dump is cooked.
2. Fear & Greed Index
When the Fear & Greed Index hits "Extreme Greed" - it's not moon season, it's dump O'clock.
3. Too Much Hype
Excessive hype and aggressive social media advertising are a trap for new and inexperienced traders. It's, in fact, a sly sign of dump.
4. News and Announcements
News nukes charts. Stay tapped into news faster than your charts. Negative news, like a ban or hack, may lead to a dump.
5. Whale Alerts
Track Whale Wallets. You'll find Whale Alerts are not a flex. These are a stealth exit. These are often followed by a dump.
6. Newly Listed Coins
90% newly listed coins often decline within 2 - 6 hours after their launch on any crypto exchange.
7. Coins to Be Delisted
After 1 - 2 manipulation pumps, the coins which are going to be delisted from any exchange, dump heavily.
8. Low MCap Coins
If low market cap coins pump more than 100% suddenly, it's pure manipulation. There is always a huge dump after this type of pump.
9. Missing Volume Coins
If the price of a coin spikes suddenly and the volume is flat, it's a trap. A huge dump is loading.
10. BTC Price Falls
$BTC is the most dominant coin in the crypto market. When its price falls more than 7%, dump in most other coins is confirmed.
11. Key Support Breaking
When the key support is about to break or breaks, a dump is imminent.
12. Candlestick Patterns
Hanging Man, Shooting Star, Three Black Cows, Bearish Harami and Dark Cloud Cover are 5 most strong Candlestick Patterns to detect a dump.
13. Your Dip Radar
Please tell your tool/tools to detect a dump in comments so I and other readers can get benefit
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