This Is Not Going to End Well
$TUT Illiquid coins can move violently, and most of these moves are being fueled by short liquidations.
People keep shorting simply because:
“It has pumped so much, it should go down now.”
Obviously, this is not going to end well.
The right way to take a counter-trend trade is to wait for confirmation on the 15M or 30M timeframe:
• Market structure shift
• Liquidation spike
• Euphoric move followed by weakness
That’s when you look for a reversal.
Anything before that?
You’re not fading the move.
You’re adding more fuel to it.
#MoonshotAIPreIPOsOpen #LYTEETFFirstD