How Shorting Can Help Survive the Bear Market

👋Hello, young Degens!

Many of you entered the crypto market in 2021, when any JPEGs and Shitcoins were growing, when sales on Coinlist were giving you 300X and when 16-year-old schoolchildren who bought some memecoin on the advice of Tik-Tok were becoming millionaires in a few months.

Those times are over, at least for the next year and a half.

We are waiting for the long-awaited "Bear Market", which will clear the market of unnecessary players, and give those who are left an amazing opportunity before the future BullRun!

However, what are we supposed to do all this time until we see our favorite green candles? Do we just sit around and pray to all the gods that our portfolio returns to at least zero? Or work at McDonald's? Or do philosophy and in-depth research on new projects?

Probably all of those things together, but...

There's something else.

Something that was laughed at by all the "smart money" of the last year, and which seemed almost unnecessary. Something that only one in five traders knows how to do.

Shorting

🤫The cardinal rule of trading is "trade with the trend. Right now, given the huge FUD, the shaky macroeconomic situation, the UST "safe haven" shutdown, the partial loss of confidence in the whole crypto market from big investors, the obvious trend is "DOWN".

No need to try to catch the bottom. There is an expression - "buy off the bottom, get a second bottom as a gift". If you strongly believe in cryptocurrencies after everything that happened, then, of course, allocate a part of your deposit and start buying in instalments. (as I do).

That said, remember - tokens like Monero, DASH and others have never been able to return to their 2017 ATH. Who can guarantee you that FLOW, NEAR and AVAX will not repeat their fate? Are you willing to risk your money that recklessly?

The best solution now, if you know anything about trading and know how to use trading terminals, is a leisurely set of short positions. Also, I wouldn't entrust my money to centralized platforms right now, but rather pay attention to using great projects like WOWswap, DYDX, Perpetal Protocol and other DeFi protocols, with the ability to open short positions.

Personally, I'm a fan of WOWswap (by no means financial advice, trade where you like). Especially now - when all those illiquid altcoins are represented on this platform. are breaking through bottom after bottom.

🧐How to do Shorting?

Here's my algorithm

📉We take a list of some number of altcoins (I have more than 100).📉At tradingView we sort them in descending order of daily growth. 📉We start gaining shorts on those tokens, which showed the least fall during the day, having checked them in Twitter for global news 📉It is desirable to carry out the most EZ analysis - to include several EMAs for different periods (1D, 4H, 1H) and try to gain short only from the boundaries with them. 📉You accumulate a position by a grid, gradually increasing the order size. For example, 1,000-2,000-4,000.

I do not recommend placing more than three orders.If you're paranoid, you might want to set the Stop Loss to Breakeven.

There you go.

😮On WOWswap, all your positions will be displayed in the dashboard, and you can also set up notifications, and set Stop Loss and Take Profit. Don't be greedy. I'm a stickler for the notion that it's better to go ten times 10% than to try to catch one big move.

During those three days, while my friends lost a huge amount of money trying to catch a reversal on $LUNA - those unfortunates were buying back the token starting at $20 (it's worth $0.2 now) I added 36% to my deposit, opening several successful short positions.

Try to get better. Any schoolboy can get rich on BullRun by accident, but only a smart guy like you can make money in a falling market. Be daring and be careful.  Once again, let me remind you that this is not a financial recommendation, but my personal experience and it is up to you to decide how to handle your deposit. Do not listen to anyone else's opinion!

💰Profit to all!