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">DON'T SHORT EVERY PUMP <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley"> 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" rel="noopener noreferrer nofollow">#CYBER</a>, then it was <a href="https://twitter.com/hashtag/PERP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PERP</a>, and…— Whale Analysis (@Whaleanalysis) <a href="https://twitter.com/Whaleanalysis/status/1703053647880626562?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 16, 2023</a></blockquote></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

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