Many traders lose money by trading scam coins like YGG and APE. However, did you know that if you choose to short instead of long, you can consistently generate profits from scam coins?

There is a method that the creators of these scam coins tend to use called wyckoff theory. The specifics here are not what matters, but only the key point that they will almost always send the price above a local high in a consolidation zone. Why do they need to do this? The answer is simple: Liquidity. The big players in this space control price, and they can use this to create liquidity by stopping out traders. By pushing the price above a local high, they will stop out and liquidate many short positions, generating market buy orders, and allowing them to short the market. Look at the YGG chart for a good example of this, but also any other purely valueless token should tend to replicate this idea, especially if they have a high level of manipulation.

So, how do we win this game? It’s simple. Short the Ape token as it moves above it’s high, with a stop loss even higher in case it goes badly. The wick is usually pretty big so the stop must be placed carefully.

Thanks for playing, happy profits.