$CT And another massive bullish candle has been pulled. The new coin’s momentum is already quite hot; once the price is pushed up, attention only grows, which will attract more and more short sellers to enter. Also, since the market cap of the float is small and the supply is concentrated, pulling it up by several times isn’t unusual.
The short positions from the 0.4–0.5 range are the most uncomfortable right now: if the floating loss gets amplified, liquidity gets squeezed out—it's also not impossible to reach as high as 0.68.
But the essence of this kind of market isn’t that the fundamentals have improved. It’s low circulating supply colliding with a crowded counterparty. If you chase after a breakout, you have to accept pullbacks; if you short, you have to accept a squeeze. Don’t bet on the direction of a low-market-cap stock with a heavy position.
#CT #新币 #Crypto
The short positions from the 0.4–0.5 range are the most uncomfortable right now: if the floating loss gets amplified, liquidity gets squeezed out—it's also not impossible to reach as high as 0.68.
But the essence of this kind of market isn’t that the fundamentals have improved. It’s low circulating supply colliding with a crowded counterparty. If you chase after a breakout, you have to accept pullbacks; if you short, you have to accept a squeeze. Don’t bet on the direction of a low-market-cap stock with a heavy position.
#CT #新币 #Crypto