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RE: Steemit Crypto Academy Contest / S13W4 - Short Squeeze
Hello brother.
You have given good examples of this Short Squeeze topic and The charts you have provided shows example of short squeeze which made it easy to understand about this concept.
They provide opportunities to make a lot of money quickly but they can also lead to big losses if youre not careful.
True. It is a great opportunity to make profit if we are able to identify it on correct time but We also should have control on our emotions because due to high volatility in market, We can also incur loss.
Great Post. Best of luck for the contest.
Thanks a bunch for your comment. I'm glad you found the examples and charts I shared helpful for understanding Short Squeezes. You're absolutely right; they can be a great way to make money fast but they also come with risks.
Keeping your emotions in check is super important because the market can get really crazy and it's easy to make mistakes when things are moving so quickly. So staying calm and having a solid plan is key.
I appreciate your good wishes for the contest and I wish you the best of luck