Why I chose short #LUNC
First, the historical reason; those who have been in the game for a while should know the history of this coin.
Second, in the long run, I currently see us entering a bear phase, so any rise in a bear market is just a rebound, not a reversal. Therefore, shorting during a rebound shouldn’t be a problem, right? In a bull market, I suggest playing with Bitcoin.
Third, in the short term, the market is always fluctuating; the characteristics of altcoins are explosive rises and drops. If you encounter strong manipulation, it could last a bit longer, while weaker ones may last longer. Fees are a key issue because strong manipulators will use fees to drain the short-sellers, commonly referred to as 'demon coins.' When encountering demon coins, it can be very distressing; when it's time to cut losses, cutting losses can easily affect your mindset.
Finally, the timing for shorting and the leverage size of your position are really crucial. Always leave yourself enough operational space.
By the way, why is it that sometimes I can post my trade orders in the forum, and sometimes I can't?
Who knows how this setting works?
