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DominanceBTC60.07%-0.34%ETH6.88%+0.68%
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MainNewsCryptocurren...

Cryptocurrency Expert Advises Traders Not to Short Every Pump


Sep, 17, 2023
1 min read
by CoinEdition
Expert Advises Traders Not Short Pump
  • Cryptocurrency traders have been advised not to short every pump.
  • There is a new trend where coins pump over 50% in a day with no identifiable reason.
  • The emerging trend has a way of liquidating short positions.

Crypto traders have been advised not to short every pump. The advice appeared in a post on the X app by Whale Analysis, a character that claims to help people make money in the bear market. According to Whale Analysis, there is a new trend where a few coins pump over 50% in a day with no identifiable reason.

Whale Analysis noted that this trend has become a weekly occurrence and has a way of liquidating short positions. He identified a few coins that have experienced such significant pumps in the past few weeks. They include CYBER, PERP, TRB, and HIFI.

Data from TradingView shows that CYBER rose from $3.65 on August 30 to $16.23 on Sep…

The post Cryptocurrency Expert Advises Traders Not to Short Every Pump appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Token Unlocks Calendar Apr 21-27: Key Levels & Analysis for UDS, ALT & More

Token Unlocks Calendar Apr 21-27: Key Levels & Analysis for UDS, ALT & More

The week of April 21-27 sees major token unlocks totaling over $17.8 million that cou...
Apr, 18, 2025
< 1 min read
by CoinEdition
Shiba Inu (SHIB) Eyes $0.0001: Key Factors Fueling Bullish Forecast

Shiba Inu (SHIB) Eyes $0.0001: Key Factors Fueling Bullish Forecast

Shiba Inu (SHIB) has become a token with intense price speculation as analysts believ...
Apr, 18, 2025
< 1 min read
by CoinEdition
MainNewsCryptocurren...

Cryptocurrency Expert Advises Traders Not to Short Every Pump


Sep, 17, 2023
1 min read
by CoinEdition
Expert Advises Traders Not Short Pump
  • Cryptocurrency traders have been advised not to short every pump.
  • There is a new trend where coins pump over 50% in a day with no identifiable reason.
  • The emerging trend has a way of liquidating short positions.

Crypto traders have been advised not to short every pump. The advice appeared in a post on the X app by Whale Analysis, a character that claims to help people make money in the bear market. According to Whale Analysis, there is a new trend where a few coins pump over 50% in a day with no identifiable reason.

Whale Analysis noted that this trend has become a weekly occurrence and has a way of liquidating short positions. He identified a few coins that have experienced such significant pumps in the past few weeks. They include CYBER, PERP, TRB, and HIFI.

Data from TradingView shows that CYBER rose from $3.65 on August 30 to $16.23 on Sep…

The post Cryptocurrency Expert Advises Traders Not to Short Every Pump appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Token Unlocks Calendar Apr 21-27: Key Levels & Analysis for UDS, ALT & More

Token Unlocks Calendar Apr 21-27: Key Levels & Analysis for UDS, ALT & More

The week of April 21-27 sees major token unlocks totaling over $17.8 million that cou...
Apr, 18, 2025
< 1 min read
by CoinEdition
Shiba Inu (SHIB) Eyes $0.0001: Key Factors Fueling Bullish Forecast

Shiba Inu (SHIB) Eyes $0.0001: Key Factors Fueling Bullish Forecast

Shiba Inu (SHIB) has become a token with intense price speculation as analysts believ...
Apr, 18, 2025
< 1 min read
by CoinEdition