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For the Alpha coins with contracts that have been launched, remember not to blindly short!
📈 SOON, MYX and other typical examples: - Funding rates consistently at deep negative values (Longs pay, shorts receive interest) - Price is rising sharply with almost no pullback, going short will lead to forced liquidation - Popularity and buying pressure crush shorts, any rebound could be a trap for shorts
⚠️ Risk Management Guidelines 1. Do not increase short positions against the trend, do not bet on the top 2. During periods of high negative funding rates, prioritize observation, or hedge with small positions 3. Keep a close eye on funding rates and open interest changes, and cut losses immediately on abnormal spikes
In short: Shorting popular Alpha = Giving money to longs. Be cautious! #美SEC批准流动性质押 {future}(MYXUSDT) {future}(SOONUSDT)
The funding rate consumed a lot, so the liquidation occurred.
林风竹z
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Asking for answers from my brothers, what's going on? It looks like shorting is profitable, and I've set a stop loss, but suddenly it exploded. The position shows a profit, but I don't know why I still lost money 😱