Let me explain why most people lost, but we won on $ON and $COTI
Look at $COTI . It dropped 50%, but we bought it with our community and we’re still holding. There are many reasons for it, but the main one is that we saw open interest increase by nearly 1000%, while the price had only moved up 70–80%. That’s why we bought and held, while most people were shorting.
On the other hand, when everyone was longing
ON, we saw that the candle looked very weak, so we opened shorts instead. Last night, we publicly called for a crash on Square, and it happened.
Always read the on-chain and market data before making a trade. Don’t blindly ape into what you see on social media.
Look at $COTI . It dropped 50%, but we bought it with our community and we’re still holding. There are many reasons for it, but the main one is that we saw open interest increase by nearly 1000%, while the price had only moved up 70–80%. That’s why we bought and held, while most people were shorting.
On the other hand, when everyone was longing
ON, we saw that the candle looked very weak, so we opened shorts instead. Last night, we publicly called for a crash on Square, and it happened.
Always read the on-chain and market data before making a trade. Don’t blindly ape into what you see on social media.