A single-day surge of 40%, but I am instead focusing on shorting opportunities. It's not stubbornness; the data is right here: the capital pool has already piled up to 473 million, and the turnover rate is unusually active. At this position combined with huge volume, either the main force is absorbing the last wave of retail investors, or smart money is withdrawing in batches.
My judgment leans towards the latter – the pump of these types of altcoins often lacks sustainability, especially when the short-term price increase is too steep. So I choose to open a short position at this point, betting that this surge is the final celebration.
Of course, shorting itself is a high-risk operation. If you get liquidated, you have to accept it. But the market is like this; some chase the rise to bet on a rebound, while others look for turning points against the trend. What do you think about this position? Should we continue to chase long or wait and see?
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#美联储恢复降息进程 This pump is quite interesting.
A single-day surge of 40%, but I am instead focusing on shorting opportunities. It's not stubbornness; the data is right here: the capital pool has already piled up to 473 million, and the turnover rate is unusually active. At this position combined with huge volume, either the main force is absorbing the last wave of retail investors, or smart money is withdrawing in batches.
My judgment leans towards the latter – the pump of these types of altcoins often lacks sustainability, especially when the short-term price increase is too steep. So I choose to open a short position at this point, betting that this surge is the final celebration.
Of course, shorting itself is a high-risk operation. If you get liquidated, you have to accept it. But the market is like this; some chase the rise to bet on a rebound, while others look for turning points against the trend. What do you think about this position? Should we continue to chase long or wait and see?