Newcomer Report

Waking up in the morning, FOLKS took profit.

Let's review the short selling logic of this counterfeit:

1. When I discovered it, it had already dropped from $46 and was hovering around $25.
This high-position drop indicator signal indicates that the main upward wave has been completed, entering the trend exhaustion or reversal phase.

2. The overall judgment of the market is bearish; BTC's daily line has broken down, and ETH is distributing chips at a high position, indicating that the market is about to experience a correction. If the overall market starts to weaken, this high beta token is likely to fall first.

3. Small market cap tokens often experience a parabolic trend followed by a deep correction.

Around $25, I decisively opened a short position with 3x leverage, setting the take profit around $14.

No destructive rebound occurred, and the opening position was not broken, indicating that this short logic is valid.

Low leverage + small position + large profit space design

Just a reminder, it's time to have coffee.☕️