Yi Lihua: Continue to Be Bullish. Weekend Tweaks Won’t Affect the Trend. Strongly Advise Against Shorting Again
On August 22, Yi Lihua, founder of Liquid Capital (formerly LD Capital), posted that he remains bullish. The minor adjustments over the weekend are merely shorts taking advantage of weak liquidity to make a bit of resistance, which does not affect the overall trend. He strongly advises not to short again. Once price reaches a certain level, longs can be closed. Pullbacks always occur at certain stages.
On August 22, Yi Lihua, founder of Liquid Capital (formerly LD Capital), posted that he remains bullish. The minor adjustments over the weekend are merely shorts taking advantage of weak liquidity to make a bit of resistance, which does not affect the overall trend. He strongly advises not to short again. Once price reaches a certain level, longs can be closed. Pullbacks always occur at certain stages.