Shorting meme coins
Shorting meme coins
I was just thinking, what do you guys think about shorting meme coins? A huge majority of those things shoot up for a little bit and then are pretty much guaranteed to go down and disappear. Over $400 or 5,000 meme coins are produced everyday.
Can you go to a platform that allows you to trade those tiny little meme coins and just go in there and short them?
Yohan Harsha Answered question November 28, 2024
Most meme coins are heavily manipulated and they tend to do huge pump or dumps in order to liquidate long or short bids. So make sure you don’t forget to set up stop loses.
Yohan Harsha Answered question November 28, 2024
Yeah but good luck finding a reputable platform that carries them and allows shorting them.
Danusushka de zoyza Answered question November 28, 2024