$DIA Well as most of you must be aware of this is the best performing coin in the last 24 hours (almost up by 50%).
This raises suspicions of manipulation. In response, I took a short position at a higher level (0.897), expecting the price to stabilize once the hype dies down. My strategy here is straightforward: with a 1x leverage, Iâm not exposing myself to unnecessary risk, allowing me to withstand small price swings without triggering my stop-loss.
The position remains open as I monitor market movements. This conservative approach offers flexibility, as minor fluctuations wonât impact my overall plan. Once the market cools and the artificial boost fades, Iâll aim to book my profits.
Manipulative price actions are often short-lived, and timing is key in this scenario. By shorting at the peak and staying patient, I believe I can benefit from the market correction, all while minimizing the risk of sudden losses. Itâs a waiting game, but one that favors the well-prepared trader.
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