#ARC 1 minutes surged by 30%, blowing up short positions;

Reminder to everyone, don’t play with small altcoin contracts, your positions rely entirely on the dealer's conscience, and be careful of the calls made in the square!

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Last night at 11 PM, before going to bed, I saw several posts in the square calling for shorting ARC;

So I checked the trend, a typical lack of bullish momentum, indeed the risk-reward ratio for shorting was quite favorable;

I am very cautious with contracts, usually don’t trade small altcoin contracts, so I specifically looked at the trading volume of the ARC/USDT trading pair, 400 million U in 24 hours, which is decent;

Originally, I wanted to open 1000 U with a low leverage short position of 5x;

But I stayed alert, tried a small position, opened a 100 U short position with 10x leverage, made a floating profit of 40% within an hour, and seeing that the trend had formed, I went to sleep waiting for the roll-over in the morning;

When I woke up in the morning and checked, the position was gone, puzzled if it had hit the take profit so quickly?

Opened the chart and saw, good heavens, at 1 AM, 30 seconds with a 30% increase, blowing up all short positions;

I couldn't help but sigh at the treacherous nature of the financial market;

Then I thought, experiencing a spike and liquidation with 100 U is worth it;

So everyone, don’t be misled by this small loss, but it serves as a warning, small altcoins definitely have a big hand operating behind them, they hold a lot of spot, your position is bare to the dealer's eyes, the rise and fall are just a thought away, remember not to gamble on small altcoin contracts.