$JCT Isn’t it a bit short-sighted to bet against the project?
Are your long positions still underwater? Last night, Caibao was lured in by the whales, only to get stopped out. The price kept falling without looking back. At this point, it’s clear the whales are slowly dumping their holdings.
A lot of people have asked whether Caibao’s long positions have any chance of breaking even. All I can say is that it’s unlikely the project team will pump the price in the short term. The whales were pumping it before to sell at a higher price, and now there’s no hype left either.
Looking at the 4-hour chart, the price is about to fall to the low from the previous rally off the bottom. This steady, step-by-step decline shows no clear signs of bottoming out, and there’s still a pile of tokens above, creating obvious heavy selling pressure.
Caibao recommends closing your longs and immediately reversing into a short. The target could be around 0.0025!
Are your long positions still underwater? Last night, Caibao was lured in by the whales, only to get stopped out. The price kept falling without looking back. At this point, it’s clear the whales are slowly dumping their holdings.
A lot of people have asked whether Caibao’s long positions have any chance of breaking even. All I can say is that it’s unlikely the project team will pump the price in the short term. The whales were pumping it before to sell at a higher price, and now there’s no hype left either.
Looking at the 4-hour chart, the price is about to fall to the low from the previous rally off the bottom. This steady, step-by-step decline shows no clear signs of bottoming out, and there’s still a pile of tokens above, creating obvious heavy selling pressure.
Caibao recommends closing your longs and immediately reversing into a short. The target could be around 0.0025!
