Seniors teach you a safe way to short altcoins on the right side. It works almost every time.
Step 1: Observe BTC rise
First, wait for Bitcoin (BTC) to rise and create a new high.
Step 2: Wait for altcoins to create highs
Patience to wait for the altcoin you want to short to rise and create a high (this is a key step! If it does not create a high, it means that there are too few retail investors and it may be highly controlled. Shorting is not recommended).
Step 3: BTC starts to fall
When BTC starts to fall, you can start to build a short position of altcoins. If BTC stops falling and rebounds, you can choose to close the position.
Step 4: Confirm BTC's downward trend
If BTC continues to fall and confirms that it is in a downward trend, you can boldly fill up your short position, but be sure to keep the leverage low.
Key points
Practical practice: Practice more at the beginning, actually operate a few times, and slowly master the skills. Position control: In the long run, 90% of altcoins will return to zero. Don't be greedy and control your position. Stop profit and stop loss: Remember to stop profit in time when you make money and do a good job of risk control.
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