Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Shu Qin, Hype and ZEC, are they crazy? Rising so much, how can we short them? How should we operate on Bitcoin now? Come take a look.
1. Let's start with Hype, this thing is really tricky, it can rise even when the crypto market crashes. We previously shorted it at 43-45, held the position for a week, and finally shorted at $40, then we didn't dare to touch it again. So, can we short it now?
2. This coin kept rising from 40 to nearly 60, and Shu Qin didn't dare to pay attention to it because this is its new wave of upward movement, with strong momentum. But now it's already at 59, approaching the all-time high of 62, with significant resistance near the previous high, and there’s usually a good pullback.
3. So I plan to short around the current 59, aiming to take profit near 52-53, then if it slightly breaks the previous high, I will cut losses. The risk-reward ratio is still worthwhile, using a small loss to stop out and aiming for a good correction. Be aware of fake breakouts—if it breaks through and then falls back, that’s a false breakout, and we can reopen the position.
4. ZEC is similar; consider shorting near the previous high, as there’s usually a good pullback. If it breaks slightly higher, cut losses. Our main focus is the risk-reward ratio. If it’s a worthwhile trade, we can try it. The resistance at the previous high is also significant. Honestly, Shu Qin says that both ZEC and HYPE are high-risk trades; in fact, BTC and crude oil are easier to predict and profit from.
5. For example, on Bitcoin, we went long at the 76k support level, as shown in the chart, then planned to go near 78.3k. Now it has reached that level, so let’s be precise—so take profit on the long position now. I’ve already reversed and taken a small short position, hoping everything goes smoothly.
6. Additionally, our week-long oil position finally started to pay off. We shorted in batches at 99, 104, and 109. Shu Qin called it for several days, and now it’s dropping to 97, starting to take profit on half. If there’s a significant rebound, we can continue shorting. It’s a double win with BTC. Our patience has paid off—congratulations to everyone!