I recently got caught up in FHE and BTR, and my short positions ended in failure. After reviewing the situation, I wondered where the problem was.
Honestly, the market caps of these two coins are not large, and the risks are inherently higher. BTR is especially troublesome—its liquidity is extremely poor. I previously didn't thoroughly understand the fundamentals beforehand and relied solely on candlestick charts and a few technical indicators to open positions, which is a big taboo. Only after entering the market did I realize that the volume-price relationship is unreliable.
The situation with FHE is also not ideal. The long-short ratio is abnormally extreme, and large traders' holdings are highly concentrated. I failed to respect market realities and stubbornly opened positions, essentially ignoring systemic risks. This is the most common pitfall in trading.
Having suffered this loss, I have rethought my approach to shorting. Here's how I plan to adjust:
First, do the homework in advance. The total market cap of altcoins, liquidity depth, and concentration of holdings—all need to be thoroughly researched beforehand, no more guessing.
Second, patience is key. Wait until the daily MACD clearly turns bearish, ideally when it is approaching a death cross, before considering opening a position. Rushing is not advisable. If the 4-hour chart is still in a retracement upward, stay put and don't rush into the market.
Finally, be more precise when choosing entry points. Refer to the 1-hour candlestick patterns; the most ideal entry is at the second retracement, which significantly increases the win rate.
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OffchainWinner
· 21h ago
Altcoins are easy to play with, only act when MACD shows a death cross
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BTR's liquidity is so poor, yet you still dare to short, no wonder it crashed. This is gambler's mentality
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What sounds good is a review, but actually it's just going to repeat the pitfalls again
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With such concentrated chips, still trying to go against the big players, I'm speechless
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Wait, is the long-short ratio for FHE really that outrageous? Why can't I see it?
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Entering on a second retracement sounds easy, but indicators deceive during actual operation, it’s a cycle
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Trading in low-liquidity coins is truly a golden rule, but some just can't resist
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Entering on a daily death cross, then when to wait? Staying calm is the key to winning
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The fundamentals of altcoins are not studied, just the old K-line and MACD methods, no wonder they cut losses
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The review is well written, but next time it might crash again. No one can escape this kind of thing
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BlockchainNewbie
· 22h ago
Damn, BTR's liquidity is so poor yet you still dare to short. Aren't you asking for death?
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Honestly, there are too many pitfalls with altcoins. Opening a position without doing your homework is asking for trouble.
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You still dare to trade coins with absurd long-short ratios. Your courage is really impressive.
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Wait for the MACD death cross before taking action. If you don't even have this patience, what are you trading for?
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For coins like FHE that are concentrated among big players, retail short positions are just giving away money.
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A secondary retracement is actually a good entry point. The first two times were probably just the manipulator's tricks.
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Altcoins with no liquidity are truly terrible; easy to enter but hard to exit.
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The review went pretty well, but I feel like I might end up opening random positions again later.
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Are you really unlucky with BTR, or is your coin selection just that poor?
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If you ask me, instead of studying candlestick charts, it's better to look directly at the chips. Follow how the big players move.
View OriginalReply0
BackrowObserver
· 22h ago
Well said, the liquidity trap of altcoins is indeed deadly, and the kind of volume like BTR is just not playable.
Wait, you're talking about re-entering after a secondary pullback. Does this logic really hold in a market with concentrated chips?
Your review skills are good, but I'm just worried that next time you'll get carried away and forget.
View OriginalReply0
FloorSweeper
· 22h ago
Damn, these two coins are really scams. BTR's liquidity is extremely poor, there's no way to play it.
Reviewing still makes some sense, but honestly, it's just the old trick of chasing highs and getting trapped.
Shanzhai coins, once the chips are concentrated, die out. Large investors' washouts are completely incomprehensible.
Waiting for the MACD death cross sounds reasonable, but I just can't stick with it.
View OriginalReply0
GasOptimizer
· 22h ago
In terms of altcoin liquidity depth, data should speak for itself, not feelings. For a market like BTR, once you jump in, it's a one-way street; you can't get out.
Concentration of chips is the real hidden killer. When the long-short ratio is unbalanced, you should take a detour. This is a pattern that historical data has long validated.
I recently got caught up in FHE and BTR, and my short positions ended in failure. After reviewing the situation, I wondered where the problem was.
Honestly, the market caps of these two coins are not large, and the risks are inherently higher. BTR is especially troublesome—its liquidity is extremely poor. I previously didn't thoroughly understand the fundamentals beforehand and relied solely on candlestick charts and a few technical indicators to open positions, which is a big taboo. Only after entering the market did I realize that the volume-price relationship is unreliable.
The situation with FHE is also not ideal. The long-short ratio is abnormally extreme, and large traders' holdings are highly concentrated. I failed to respect market realities and stubbornly opened positions, essentially ignoring systemic risks. This is the most common pitfall in trading.
Having suffered this loss, I have rethought my approach to shorting. Here's how I plan to adjust:
First, do the homework in advance. The total market cap of altcoins, liquidity depth, and concentration of holdings—all need to be thoroughly researched beforehand, no more guessing.
Second, patience is key. Wait until the daily MACD clearly turns bearish, ideally when it is approaching a death cross, before considering opening a position. Rushing is not advisable. If the 4-hour chart is still in a retracement upward, stay put and don't rush into the market.
Finally, be more precise when choosing entry points. Refer to the 1-hour candlestick patterns; the most ideal entry is at the second retracement, which significantly increases the win rate.