The day before yesterday, I positioned a short at the 2.64 level on BEAT, and ultimately closed the position near 2.23, earning over $330 in profit. The process was quite interesting — that rally attracted a large number of retail investors to chase the rise, only to become the bagholders. Altcoins are often designed to complete distribution cycles at high levels, and once the trend reverses, the price drops quickly. This wave of market action confirmed the technical analysis predictions.
From a short-term perspective, the volatility of strong altcoins indeed presents trading opportunities, requiring clear control over entry and exit points. Recently, coins like ZEC and ZBT have also shown many trading opportunities, with the key being to distinguish between genuine breakouts and false signals. Many retail investors chase the market and panic sell, but reverse thinking can often help identify critical turning points.
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FundingMartyr
· 6h ago
Retail investors got wiped out again; the shorts are making a killing on this move.
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StablecoinSkeptic
· 6h ago
Another wave of pump and dump, retail investors are still chasing the rally, while the big players have already sold out.
$330 is good, but for most people, isn’t this just a mirage? Truly timing the market precisely is a rare skill.
Preventing pump-and-dump schemes is almost impossible; thinking counterintuitively sounds easy, but if you do the opposite, you can still suffer huge losses.
There have been recent movements with ZEC, but I still think these clone schemes are too risky.
The routine of selling at high levels is always the same; why are so many still jumping in?
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BugBountyHunter
· 7h ago
Ha, it's another round of retail investors being the bagholders. It's getting a bit tiring to watch.
This reverse thinking is indeed brilliant. Most people are still chasing the rally, but I've already sold.
I'm also watching the ZEC move. There's too much temptation to trap buyers, so I need to be cautious.
The day before yesterday, I positioned a short at the 2.64 level on BEAT, and ultimately closed the position near 2.23, earning over $330 in profit. The process was quite interesting — that rally attracted a large number of retail investors to chase the rise, only to become the bagholders. Altcoins are often designed to complete distribution cycles at high levels, and once the trend reverses, the price drops quickly. This wave of market action confirmed the technical analysis predictions.
From a short-term perspective, the volatility of strong altcoins indeed presents trading opportunities, requiring clear control over entry and exit points. Recently, coins like ZEC and ZBT have also shown many trading opportunities, with the key being to distinguish between genuine breakouts and false signals. Many retail investors chase the market and panic sell, but reverse thinking can often help identify critical turning points.