Profit Exceeds 45% from Coin $4
A few days ago, coin $4 was trading in a downward trend. Yesterday, its price suddenly rose by more than 56%, then dropped sharply.
Today, the price fell another 34% after stabilizing for a period.
The recent surge appears to have been driven largely by news related to CZ and his visit to Kazakhstan. However, after the media buzz faded, selling pressure returned.
I previously published a short recommendation with entry zones ranging from 0.026000 to 0.032000. The price reached around 0.035600, slightly above the expected range, but from this range the short position has already made a profit of more than 45%.
There is still the possibility of further decline.
Coin $4 is a widely traded coin and is not listed on major exchanges, which makes it highly volatile and susceptible to sudden liquidity changes. Funding has also declined significantly, adding another indicator of weakness.
A deeper correction back toward the original levels from which the pump started is still possible.
At the moment, I am closely monitoring the situation and recommend cautious risk management.
A few days ago, coin $4 was trading in a downward trend. Yesterday, its price suddenly rose by more than 56%, then dropped sharply.
Today, the price fell another 34% after stabilizing for a period.
The recent surge appears to have been driven largely by news related to CZ and his visit to Kazakhstan. However, after the media buzz faded, selling pressure returned.
I previously published a short recommendation with entry zones ranging from 0.026000 to 0.032000. The price reached around 0.035600, slightly above the expected range, but from this range the short position has already made a profit of more than 45%.
There is still the possibility of further decline.
Coin $4 is a widely traded coin and is not listed on major exchanges, which makes it highly volatile and susceptible to sudden liquidity changes. Funding has also declined significantly, adding another indicator of weakness.
A deeper correction back toward the original levels from which the pump started is still possible.
At the moment, I am closely monitoring the situation and recommend cautious risk management.
