I got stopped out three times on my shorts, taking a -$400K USDT loss. This is the fourth time.
All I knew was that $LSK is an old coin. I didn’t know how high it would go before dropping, but I was certain it would eventually drop. $LSK is listed on many different exchanges. If each exchange starts selling even a little, it would cost the MM a huge amount of money to keep the price supported. And after pumping 30x in a single day, I just don’t believe it can maintain such a high price for long.
All I knew was that $LSK is an old coin. I didn’t know how high it would go before dropping, but I was certain it would eventually drop. $LSK is listed on many different exchanges. If each exchange starts selling even a little, it would cost the MM a huge amount of money to keep the price supported. And after pumping 30x in a single day, I just don’t believe it can maintain such a high price for long.
