Those who are shorting the top gainers now are probably suffering heavy losses. Let's put aside complicated things like candlestick charts and indicators for now, and do a straightforward calculation.

Going long, with an entry at 10U, the maximum loss is just that 10U; but going short, even if you're lucky and make 10U, once the market surges wildly, the losses are like an endless pit, with no upper limit.
Coins that can rise on the top gainers list rely on market sentiment. Retail investors chase madly, institutional players follow the trend to push prices up, and when FOMO kicks in, who cares about technical levels? Short sellers entering at this time are basically giving money to the main players.
Moreover, many coins that surge dramatically have small market caps, making it easy for big players to push prices up. Just after you get stopped out, it continues to rise; just when you think it's peaked, it consolidates and hits new highs again. Plus, with funding rates, the longer you hold, the more money is deducted, which can crush your mindset.
So, it's better to avoid the top gainers list. It's not about being timid, but about surviving longer in the market. Even if RIVER and CLO surge fiercely, it's all a trap set by the main players. Shorting against the trend at high levels is not about technical analysis; it's gambling on luck. Think carefully before acting—don't risk your money and your emotions!$ETH