I also have a heavy accent with the Pippin being charged horrendous FD fees but cut losses earlier than the Beat
Rainnyy
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I also flew with Pippin, truly when I lost commitment to my original self. That's when I became bait for the sharks. Don't lose discipline. Don't be greedy.
That's it. Goodbye Future This is a hard lesson that I won't forget for a long time. At first, I thought that if I disciplined Vol to just 3%, I would never get burned. I traded quickly with Alpha coins and made some gains, each time 10 - 40u, thinking this was a bright opportunity to make money. When I entered $BEAT & $PIPPIN , I made a few gains at the beginning. I thought I could trade quickly like before, but it surged up and I hastily DCA'd twice, and it kept climbing. I tried to hold the position, and several times I could have cut losses at a loss of 400 - 800u, but I regretted losing money and thought it was just junk, it couldn't keep rising => The mistake here is that later, $BEAT pulled back after 1.24, thinking it would drop again, I didn't cut. In the end, there was no opportunity to cut.
Brothers just see red thinking it's ripe to short this stock This $BEAT stock does not go down or goes down slowly, which is not significant, leading you to short until you get frustrated and have to cut the position. Seeing the funding so high yet still diving into shorts, then my friends (I have been stuck since the beginning and the funding has been positive all along)
Again, gather around the same style with the $PIPPIN r. Together with one direction, only up, no down to lure everyone into shorting. Then it continues to rise repeatedly, enticing everyone to fomo into short to catch the peak. After that, funding shifts heavily negative and goes sideways, eating up short costs, and those who went long can't make much, so they hold their positions. Next, gradually decrease to eat up short costs and slowly kill long positions from $BEAT .
Close the order, bro $PIPPIN . This is a perfect trap set by the Dev team and the Exchange. If you short a lot, it rises; if you long, it goes sideways. After enough deception, you have to hold the short position and incur costs. If you long, it goes sideways or slowly down. Currently, it's not aggressively sweeping to kill shorts or longs anymore, but: - Incurring funding costs for shorts to the bone (regret but not cutting) - Slowly going down, occasionally jerking up a bit then slowly going down again, causing longs to also bleed gradually and then die. In summary, it is a Scam and a dangerous trap. P/s: I have closed the order, accepting losses on both the order and the sub-trade rather than eroding both my spirit and assets.
Many posts advise people to sell the short position on $PIPPIN because it will decrease, but in my opinion, it will only drop to a slightly lower level from the current point, then it will surge again, causing people to get stuck and incur funding fees. So please be careful, consider, or take a short position and withdraw quickly.
Every brother knows about manipulation but sees the price too high, making it hard to control the desire to short. Learn from the experience that when some are struggling, focus on those with significant negative funding. If a short position feels off, pull out immediately and wait for a new entry. With such a small total supply, Dev and MM can raise it as much as they want.
Perhaps it's the right time to short $PIPPIN Entry from 0.084 - 0.086 Use a small volume to avoid being swept by another spike. Just making money for breakfast coffee.
With $pippin this one will probably be like the one $BEAT & $PIEVERSE after poking a stick to pull brothers into Long - Short will sideway for a long time to absorb funding costs. The strategy is only suitable for brothers to take short segments, enter and withdraw orders quickly. Do not expect it to reach the peak of 0.1 or drop back to the old bottom in the near future.
The Short position is weak but the Long position is strong (all MM & Dev) the result is that it will be posted continuously, swinging to cover the loss sml $PIEVERSE