Founder of MonyCoin Digital Development Foundation and developer of MECO Wallet, the first Arabic decentralized cryptocurrency wallet, and developer of the Mony
$CYBER It has been moving repeatedly over the past 30 minutes, with a noticeable increase in trading volume. It may become a trend in the coming hours.
$JCT This happens when projects are like garbage bins. This isn’t the first time, and it won’t be the last. All these custodial projects are nothing but groups of hackers and thieves. Look into the core of these projects and you’ll find they have no concept or foundation. May God compensate those who lost their money.
$AIN Be careful, this is a recurring scenario. The percentage increase has exceeded 200%, which means it could rise suddenly and quickly, potentially sweeping up pending positions above before they open. It’s better to wait until the outlook becomes clearer.
$JCT Don't rely on this decline and assume it's a price correction. However, you may be able to spot good signals for a sell trade that takes advantage of this temporary correction. When the price rebounds, open a buy trade at the same price as the sell trade, with stop-loss orders enabled for both positions. This way, you can avoid liquidation and activate hedge mode. This maneuver gives you a little more control and helps you assess what is most likely to happen. Based on that, you can decide on your direction and strategy.
As for what to close first, in my personal view, you should focus on maximizing your gains from spot trading and close those positions first in two stages to benefit from the rise. It's preferable to sell in two stages. This strategy reflects current market sentiment. Things generally tend to move toward a correction, and this is what distinguishes short positions from spot positions in situations like this. Try this strategy with a small amount in cross-margin trading. Then draw other ideas from it.
$JCT Don't rely on this drop and assume it's a price correction. However, you may be able to spot good signals for a sell trade that takes advantage of this temporary correction. Then, when the price rebounds, open a buy trade at the same price as the sell trade, with stop-loss orders enabled for both positions. This way, you can ensure you won't be liquidated, and you'll also have put a hedging position in place. This maneuver gives you a little more control, helping you figure out what is likely to happen. Based on that, you can decide on your direction and strategy.
As for what I think should be closed first, and what to focus on, it's making the most of your spot position and closing it in two stages to benefit from this rise. It's preferable to sell in two stages. This strategy reflects current market sentiment. Things generally tend to move toward a correction, and this is what distinguishes shorting from spot trading in situations like these. Try this strategy with a small amount in cross-margin trading. Then draw some other ideas from it.
$JCT It seems a scenario is looming on the horizon... We strongly advise against recklessness. Respect your capital and trade only with what you can afford to lose, without risking your entire capital.
Worse than scams and unexpected surprises are those who think they know the rules of the game when they know nothing at all! Time and time again, we’ve said this is a game with no rules, except for the rule of taking risks—and the market has no foundations or principles.
Respecting your capital is the most important rule in this field. Projects don’t care who wins or loses; all their profits come from trading volume and fees collected from liquidity pools. Beyond that, no one understands or knows when the chart will rise or fall. Finally, avoiding losses is more important than making gains.
$MECO The price breathes naturally. Liquidity will be added soon gradually and will improve the ratios between price and liquidity. Work is in progress.
$MECO The unique code meco breathes freely without pressures—this is what the MonyCoin Foundation seeks: that the token has complete independence, away from pressures and speculation. It is coming with force.
$MECO It's moving slowly. This token isn't for day trading; it's the result of a major project that's being rolled out gradually and consistently. There's almost a plan within the project to make the token stable, but its price is set to rise. A confirmed fact.
$MECO 🚀 MonyCoin: An ambitious Arab project redefining digital wallets on the Solana network In a world where digital innovations are accelerating, MonyCoin stands out as one of the ambitious Arab projects aiming to build a complete decentralized financial ecosystem, merging the digital token (Token) with practical application for a seamless and secure user experience. Although the project's launch was quiet, current indicators confirm that we are looking at a project being built with care, through calculated steps, paving the way for a strong launch in the near future. 🔗 A connected idea… from token to application What sets MonyCoin apart is not just the launch of a digital currency, but the construction of an integrated system based on: A digital token (MECO) representing value A practical application (MECO Wallet) representing usage A technological infrastructure relying on the high-performance Solana network This connection reflects a deep understanding of the market, where no currency has value without actual use, and no application is worthwhile without a supporting digital economy. 📱 MECO Wallet: A real user experience, not just an idea One of the project's standout achievements is the launch of the MECO Wallet application, which offers a complete experience for the Arab user, focusing on: An easy interface in Arabic Fast transactions with low fees Support for swap operations within the app Analytical tools like candlestick charts An intelligent update system from within the app itself The app is not just a wallet, but a gateway into the Web3 world.
MonyCoin has launched its official token MECO on the Solana network three days ago on the Orca pool without any noise or advertisements, adhering to the principle of keeping the token out of speculation zones and making it a stable asset outside of gambling. They are currently providing steady and simple liquidity to mitigate any random buying that could disrupt the token's intended purpose. The token has also been activated for trading within the MECO wallet app. This completes the financial and economic ecosystem of the MonyCoin Foundation for digital development. For more information, check the links in the comments. #Meco_wallet #MonyCoin_MECO #web_3