Long SHIB (Shiba Inu) or Short It? Why Not Both—If You Can Handle It
Shiba Inu is one of the most versatile coins, be it in terms of its meme status or regarding its growing SHIB ecosystem. The token keeps attracting investors from all corners of the world, keenly exploring various investment positions that they think they can invest in for better profit prospects. Both long and short positions have delivered great profits to users, but what if an investor ends up playing both sides? Here’s a new SHIB hedge explained in detail to help make the most out of the coming altcoin season. Also Read: New Prediction Says $11,000 in Shiba Inu Could Turn $500,000 in 2030 Shiba Inu: Long and Short Positions Explained Source: Watcher.Guru Long and short positions in cryptocurrency refer to nuanced trading techniques. As BitStamp explains about opening short positions in an asset, this would simply mean earning a profit from an asset’s falling price. On the other hand, going long would refer to earning a profit from an asset’s rising price. Long positions ...