Recently, I noticed that some newly listed coins have reached new highs again, but based on experience, these new coins often don't have much room to rise after breaking the level. I am looking for opportunities to short around 0.099, with a target set at 0.09 and a stop loss at 0.105. The logic is actually very simple—high levels of new coins are often accompanied by loose chips and profit-taking, so the probability of breaking through again afterward is indeed low. Of course, each market situation has its special cases, but playing with probabilities is a relatively safer approach.
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RunWithRugs
· 01-10 08:00
New coins at high levels are all about cutting leeks; the original poster's short position strategy this time is quite clear-headed.
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GweiWatcher
· 01-10 08:00
I've heard the logic of shorting new coins at high levels too many times, but what's the result? Still caught in a trap.
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All-InQueen
· 01-10 07:58
The new coin's high position is indeed fake; this short-selling idea is solid.
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NFT_Therapy
· 01-10 07:49
New coins at high levels to harvest profits, I've seen this trick too many times already
Recently, I noticed that some newly listed coins have reached new highs again, but based on experience, these new coins often don't have much room to rise after breaking the level. I am looking for opportunities to short around 0.099, with a target set at 0.09 and a stop loss at 0.105. The logic is actually very simple—high levels of new coins are often accompanied by loose chips and profit-taking, so the probability of breaking through again afterward is indeed low. Of course, each market situation has its special cases, but playing with probabilities is a relatively safer approach.