$牛来 I'm bearish on Niulai. It's not that I don't like it—it's that too many people do.
It's at 0.073 now, with a market cap of around 70 million. Today's rebound was less than 4%. That's not a bottom, just a breather. It's fallen nearly 30% in seven days and a little over 30% in a month. The September high was 0.16, so it's still down by more than half. It's been hovering around 0.07 all day, with volume, but the price can't recover.
Looks like all the cards have been played. Futures are live, spot trading is live, and QQQB has also said it's launching. The first round was supposed to be in early October, but they're still taking monthly snapshots. You have to earn 10,000 tokens in a day for it to count; it's not a one-and-done distribution. The rewards are still up, but the token hasn't followed through. Good news often turns into bad news once it's out. People waiting for the airdrop aren't here to hold—they'll leave as soon as the snapshot is taken.
The group chat is still saying that being cut in half means it's cheap, and that getting stock tokens will prop it up. When everyone thinks that way, the people above them get the perfect chance to sell. If it can't get back above 0.10, every rebound is just a chance for trapped holders to break even.
That's just how I see it. Seven cents isn't the bottom; it's just halfway there. If you're shorting, wait for a low-volume rebound—don't chase it halfway down. If Bitcoin really breaks its previous high one day, close this short first.
Not investment advice. Do your own research.
#牛来 #币安广场征文活动
It's at 0.073 now, with a market cap of around 70 million. Today's rebound was less than 4%. That's not a bottom, just a breather. It's fallen nearly 30% in seven days and a little over 30% in a month. The September high was 0.16, so it's still down by more than half. It's been hovering around 0.07 all day, with volume, but the price can't recover.
Looks like all the cards have been played. Futures are live, spot trading is live, and QQQB has also said it's launching. The first round was supposed to be in early October, but they're still taking monthly snapshots. You have to earn 10,000 tokens in a day for it to count; it's not a one-and-done distribution. The rewards are still up, but the token hasn't followed through. Good news often turns into bad news once it's out. People waiting for the airdrop aren't here to hold—they'll leave as soon as the snapshot is taken.
The group chat is still saying that being cut in half means it's cheap, and that getting stock tokens will prop it up. When everyone thinks that way, the people above them get the perfect chance to sell. If it can't get back above 0.10, every rebound is just a chance for trapped holders to break even.
That's just how I see it. Seven cents isn't the bottom; it's just halfway there. If you're shorting, wait for a low-volume rebound—don't chase it halfway down. If Bitcoin really breaks its previous high one day, close this short first.
Not investment advice. Do your own research.
#牛来 #币安广场征文活动