I started in crypto with $0.
Now, I'm sitting at $2.5 million.
Anyone can make it, all u need is knowledge. But many will charge you $1,000+ for paid groups and teach nothing.
Not me, I'll share all my secrets to make ur first million for FREE.
mega-thread 👇
Pump dot fun tragedy has reached its peak
15 in 1,700,000 have a chance to stay above $10M MC
Other 1,699,985 tokens will be buried forever
But now, we can actually PROFIT from it and Here's How 🧵👇
You know that feeling when you're 100% sure that the meme is going to die.
But there are no tools to short it.
Fortunately, @ReflectionCrypto just introduced Dumpy dot fun to short memes.
You can't really short every existing coin for now, but only a bunch of approved ones:👇
• $WIF
• $WEN
• $BONK
• $MEW
• $RETARDIO
• $SAMO
• $SCF
• $JASON
To proceed with the Dumpy dot fun:
• Head to dumpy.fun
• Select a token you are dumping
• Select a colleteral for it
• Click on a "Dump" button
For example, there is a 2.33x leverage for the SOL-USDC pair, so the more you set as collateral, the less leverage you'll get
For dumping 1 $SOL on 2x leverage, you'll need to provide approximately 87 $USDC as collateral
Understanding Short Selling:
Short selling entails borrowing an asset and selling it with the intention of repurchasing it at a lower price
This strategy is especially pertinent in the volatile realm of memecoins, which frequently experience sharp declines in value
Leverage Risks: While using leverage can amplify potential profits, it also significantly increases risks, so caution is recommended
Platform is in Beta mode, so liquidation prices are crazy low, so be careful playing with it
Collateral is crucial when shorting because it safeguards the lender and ensures that short sellers can cover potential losses, emphasizing the importance of effective risk management in trading
Leverage can magnify both gains and losses:
Leveraging on-chain analysis offers transparency by enabling traders to monitor who gains or loses from transactions, thereby aiding in making more informed trading decisions
For anyone serious about trading, particularly with high-risk assets like low mcaps, understanding its impact on collateral is essential
As the number of tokens available for shorting increases, traders will have more opportunities to capitalize on market trends
#CryptoMarketMoves #SahmRule #Babylon_Mainnet_Launch #LowestCPI2021 #BinanceHODLerBANANA $BTC
