Cryptocurrency

<ul class="news-points"> 
 <li>Cryptocurrency traders have been advised not to short every pump.</li> 
 <li>There is a new trend where coins pump over 50% in a day with no identifiable reason.</li> 
 <li>The emerging trend has a way of liquidating short positions.</li> 
</ul> 
Crypto traders have been advised not to short every pump. The advice appeared in a post on the X app by Whale Analysis, a character that claims to help people make money in the bear market. According to Whale Analysis, there is a new trend where a few coins pump over 50% in a day with no identifiable reason. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 DON'T SHORT EVERY PUMP <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Every week, there are a few coins that pump over 50% in a day, and we don't know the reason behind it. Right now, we are witnessing a major pump every week that is just liquidating every short. First it was <a href="https://twitter.com/hashtag/CYBER?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CYBER</a>, then it was <a href="https://twitter.com/hashtag/PERP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PERP</a>, and…— Whale Analysis (@Whaleanalysis) <a href="https://twitter.com/Whaleanalysis/status/1703053647880626562?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 16, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
Whale Analysis noted that this trend has become a weekly occurrence and has a way of liquidating short positions. He identified a few coins that have experienced such significant pumps in the past few weeks. They include <a href="https://coinedition.com/tag/cyberconnect-cyber/" rel="noopener noreferrer nofollow">CYBER</a>, PERP, <a href="https://coinedition.com/tag/tellor-trb/" rel="noopener noreferrer nofollow">TRB</a>, and HIFI. 
Data from TradingView shows that CYBER rose from $3.65 on August 30 to $16.23 on Sep… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/cryptocurrency-expert-advises-traders-not-to-short-every-pump/">Cryptocurrency Expert Advises Traders Not to Short Every Pump</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Cryptocurrency Expert Advises Traders Not to Short Every Pump

Coin Edition

Other articles published on Sep 17, 2023

Examining Truffle and Embark for Web 3.0 Development

FTX Claims Portal Back in Action After Cybersecurity Incident in August

FTX restores customer claims portal after cyber breach

Daily Analysis: BTC, ETH, BNB, XRP, ADA

Dogecoin Millionaire Claims Bitcoin Spark Could Deliver 20x Returns Soon

Analyzing Decision-Making and Consensus Models for Building Consensus in Decentralized Networks

Join our free newsletter for daily crypto updates!