Talk about why to short #MOODENG . Discuss my operating logic.
Anyone who has traded cryptocurrencies knows that listing on Binance is the final bullish signal. Look at the chart, 0.08 -> 0.17, more than double. If there are still topics of discussion, then it’s fine for the price to continue rising.
However, the amount that can be realized in profit when listed on Binance is the key. So, the future trend is uncertain, but most memes are like past memes: listing on Binance is the peak. Plus, Bitcoin is now at 68000. The upside is limited, while the downside probability is high.
With this logic, is it unreasonable to short a cryptocurrency that has already risen more than double?
For newly listed coins, shorting and making a grid to catch short-term fluctuations is a stable strategy. 😎
$BTC $MOODENG