Trading Opportunities After HARD Surge: First Short Sell, Then Buy on Dips and Hold.
HARD has currently surged by about 50%, with no substantial positive news from projects, purely driven by market manipulation.
From the monthly chart of Bitcoin, it can be seen that the trading volume has been very low recently, reflecting a lack of funds in the market. When funds are scarce, it is relatively difficult to pump high market cap projects, so it is quite normal for low market cap coins like HARD to be pumped.
Currently, I personally believe that short selling HARD at high levels is advisable.
First, on the four-hour chart of HARD, the trading volume shows a 'double top' pattern, indicating a high probability of a correction.
Secondly, pumping requires sufficient buy and sell orders. HARD has always been quite quiet, with not many people trading. Therefore, when there is little capital in the market, the pump of low market cap coins usually does not last long.
Referencing my post yesterday about short selling TROY, the logic is the same, and I have already made a profit.
This is the strategy at the current stage. After successfully short selling HARD for profit, I plan to buy it at a low price with a small position, treating it like a lottery ticket. Due to space limitations, I will explain the specific logic in a future post.