Recently, someone asked whether it is possible to short HEMI, and this question has sparked some thoughts in me. Personally, I am not inclined to adopt a shorting strategy for newly listed Tokens; instead, I am more inclined to look for opportunities to go long. However, whether going long or short, a cautious approach is necessary for new coins. My suggestion is to first observe the trend for at least 4 hours, as this can better grasp the general direction and increase the chances of profit.
Regarding HEMI, its hourly chart has currently formed an upward trend line. If considering an entry point, one could choose to build a position to go long near the trend line. Of course, risk management is equally important; if the price breaks below the trend line, one should promptly cut losses. The advantage of this strategy is that by setting a smaller stop-loss point, one can exchange it for a larger potential profit margin, which is relatively reasonable from a risk-reward perspective.
Overall, trading new coins requires extra caution and not rushing into the market. Sufficient observation and analysis can help us better grasp market trends. Whether going long or shorting, it should be based on a thorough understanding of the market. At the same time, a reasonable risk management strategy is crucial for protecting the safety of funds.
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ColdWalletGuardian
· 15h ago
Observe before entering the market for the most stability.
Recently, someone asked whether it is possible to short HEMI, and this question has sparked some thoughts in me. Personally, I am not inclined to adopt a shorting strategy for newly listed Tokens; instead, I am more inclined to look for opportunities to go long. However, whether going long or short, a cautious approach is necessary for new coins. My suggestion is to first observe the trend for at least 4 hours, as this can better grasp the general direction and increase the chances of profit.
Regarding HEMI, its hourly chart has currently formed an upward trend line. If considering an entry point, one could choose to build a position to go long near the trend line. Of course, risk management is equally important; if the price breaks below the trend line, one should promptly cut losses. The advantage of this strategy is that by setting a smaller stop-loss point, one can exchange it for a larger potential profit margin, which is relatively reasonable from a risk-reward perspective.
Overall, trading new coins requires extra caution and not rushing into the market. Sufficient observation and analysis can help us better grasp market trends. Whether going long or shorting, it should be based on a thorough understanding of the market. At the same time, a reasonable risk management strategy is crucial for protecting the safety of funds.