$牛来 This wash is really ruthless!
I didn’t expect that after listing on the contract, the bulls would be able to “wash” this hard!
Yesterday it dipped at least to around 0.074, with both longs and shorts getting harvested repeatedly—so the volatility is genuinely big.
That said, at this level, personally I wouldn’t really recommend continuing to chase shorts.
The reason is simple: the bulls’ hype hasn’t fully cooled off yet, and the movie has already been confirmed to be postponed to October 4, so the National Day holiday box office still has momentum.
Plus, perpetual contracts are already live—if the hype keeps building, there’s no ruling out expectations related to spot listings later.
So if you short again from here, I feel the risk-reward isn’t as comfortable anymore.
How do you see the trade?
Right now, the key focus is around 0.07.
After yesterday’s wick through, it was able to quickly reclaim—that suggests short-term support here is relatively clear.
As long as around 0.07 can continue to stabilize, I personally lean more toward buying the dips and going long.
Up top, first look at the 0.097–0.10 range. If it stabilizes around 0.1, then it could be extended to around 0.15.
Down the road, get in line with Binance Coin’s path!
#牛来
I didn’t expect that after listing on the contract, the bulls would be able to “wash” this hard!
Yesterday it dipped at least to around 0.074, with both longs and shorts getting harvested repeatedly—so the volatility is genuinely big.
That said, at this level, personally I wouldn’t really recommend continuing to chase shorts.
The reason is simple: the bulls’ hype hasn’t fully cooled off yet, and the movie has already been confirmed to be postponed to October 4, so the National Day holiday box office still has momentum.
Plus, perpetual contracts are already live—if the hype keeps building, there’s no ruling out expectations related to spot listings later.
So if you short again from here, I feel the risk-reward isn’t as comfortable anymore.
How do you see the trade?
Right now, the key focus is around 0.07.
After yesterday’s wick through, it was able to quickly reclaim—that suggests short-term support here is relatively clear.
As long as around 0.07 can continue to stabilize, I personally lean more toward buying the dips and going long.
Up top, first look at the 0.097–0.10 range. If it stabilizes around 0.1, then it could be extended to around 0.15.
Down the road, get in line with Binance Coin’s path!
#牛来
