NOT If you think 0.2 is a small top, you can consider shorting after it has risen by 60%.
In this currency, whoever goes short will die, at least for now.
If I want to go short, I must wait until it is close to the highest price in history before considering making a move. Even if I make a move, I will not see a 50% drop. Once there is a correction, I will start to take profit. Once the take profit is If it is flat, wait for the rebound.
It is best not to go long on this currency. Go long on this price. Unless it is spot, playing contracts is also very risky.
That's what copycat contracts are like. They rise and fall ridiculously. Once you get it right, it's an infinite pattern, because its new round of rise and fall is at least 50%-100%.
Sometimes we predict the trend. If you predict the trend of copycats, you are digging a hole for yourself.
The theories that if there is a top divergence in 4 hours, you can go short, and if there is a double support in 4 hours, you can go long. These theories are all nonsense.
Most of the copycats are powerful bankers, and their chips are concentrated. The ups and downs are determined by whether they want to or not.
Just like trb, if you go long at the bottom and short at the top, it will also give you a shot to stop your losses and move in the right direction.