Meme Coin DIPAK SIR Short Strategy v2 by zulkiflqureshi
By zulkiflqureshi
Performance Metrics
- Author: zulkiflqureshi
- Symbol: CRYPTO:FASTEUSD
- Timeframe: 1 hour
- Win Rate: 70.6%
- Profit Factor: 1.572
Description
A momentum-exhaustion based short-selling strategy designed for highly volatile assets such as meme coins, low-cap altcoins, and pump-driven cryptocurrencies.This strategy attempts to identify overextended price pumps followed by early weakness signals, allowing traders to enter short positions before potential sharp reversals.Core LogicThe strategy combines multiple confirmation layers:Rapid price pump detection over a configurable candle rangeOverbought RSI conditionsExtreme deviation from EMA (price stretch)Weakness confirmation through bearish candlesVolume spike analysisLower-high structure detectionOptional higher timeframe RSI confirmationThe system is designed to avoid blindly shorting strength and instead waits for signs that bullish momentum is fading.FeaturesPump DetectionDetects aggressive upward moves using percentage-based price expansion over a selected lookback period.Overbought FilteringUses RSI and EMA deviation to identify unsustainable price extensions.Weakness ConfirmationLooks for:Bearish candlesVolume spikesLower highsOptional bearish engulfing patternsMulti-Timeframe ConfirmationOptional higher timeframe RSI filter helps reduce false signals during strong macro trends.Advanced Risk ManagementIncludes:ATR-based stop lossMulti-stage take profitsPartial position closingDynamic trailing stop after TP1Visual ToolsEMA overlaySignal labelsSL/TP plottingReal-time info dashboardSignal background highlightingRecommended UsageBest suited for:Meme coinsLow liquidity altcoinsPump-and-dump style marketsHighly speculative crypto assetsWorks best during:Euphoric market phasesRapid intraday pumpsNews-driven spikesRetail FOMO environmentsImportant NotesThis is a high-risk counter-trend strategy.Meme coin volatility can invalidate technical setups quickly.Proper risk management is essential.Backtesting on multiple assets and timeframes is strongly recommended before live usage.Suggested Timeframes5m15m1HDisclaimerThis script is for educational and research purposes only.Not financial advice. Trade responsibly.Release NotesUpdated default values