дядя Васька

Dear traders, I am a beginner in futures trading and in #gridbot
I will tell you about the opportunity I found to earn on short-term bots; perhaps someone will like it, while others will share with me my shortcomings in this strategy, for which I will be grateful. Maybe someone in the comments will share their strategies for this type of trading, for which I will also be grateful.

And just like that, the bubble burst

I was watching this coin from the sidelines, really tempted to jump in as well. I held back, ran a couple of short-term grid bots, did some research on the coin, and when I realized that 95% of the total supply was in the hands of the developers, it became clear it was a "Pump and Dump" scheme, where the owners decided to profit off small traders. Seeing the unjustified price surge, we opened short orders, which the owners (developers) capitalized on, constantly shaking out traders like us. They pumped the price up to the max and then just dumped a huge amount of coins, pocketing profits from our wallets because, during such a crash, regular traders can’t exit without major losses.