Trader and influencer Andrew Tate demonstrated a bold move in the crypto market by taking a significant short position on the meme coin YZY, associated with Kanye West. According to analysts, the position amounted to $175,000 USD.
Details of the Trading Operation
The entry was made at the level of $0.8523. The trader set a stop-loss at $1.0306, indicating a clear understanding of the risks. This approach demonstrates a professional approach to capital management even when working with volatile meme tokens.
Current Situation with YZY
It is worth noting that since the position was opened, the YZY market has undergone significant changes. While at the time of entry the price was $0.8523, the coin is currently trading much lower — at $0.36. This means that the short position has been quite profitable, as the price has fallen more than 57% from the entry level.
What This Says About the Meme Coin Market
This example reflects broader trends in the meme token market, where volatility remains the main characteristic. Major players like Tate actively use downturns to profit through short positions, confirming a serious attitude towards cryptocurrency trading, which is how Andrew Tate earns in the modern digital economy.
This observation, monitored by the analyst community, emphasizes the importance of technical analysis and risk management in the volatile world of digital assets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
How Andrew Tate traded YZY: analyzing the position in a declining market
Trader and influencer Andrew Tate demonstrated a bold move in the crypto market by taking a significant short position on the meme coin YZY, associated with Kanye West. According to analysts, the position amounted to $175,000 USD.
Details of the Trading Operation
The entry was made at the level of $0.8523. The trader set a stop-loss at $1.0306, indicating a clear understanding of the risks. This approach demonstrates a professional approach to capital management even when working with volatile meme tokens.
Current Situation with YZY
It is worth noting that since the position was opened, the YZY market has undergone significant changes. While at the time of entry the price was $0.8523, the coin is currently trading much lower — at $0.36. This means that the short position has been quite profitable, as the price has fallen more than 57% from the entry level.
What This Says About the Meme Coin Market
This example reflects broader trends in the meme token market, where volatility remains the main characteristic. Major players like Tate actively use downturns to profit through short positions, confirming a serious attitude towards cryptocurrency trading, which is how Andrew Tate earns in the modern digital economy.
This observation, monitored by the analyst community, emphasizes the importance of technical analysis and risk management in the volatile world of digital assets.