No wonder everyone likes to trade contracts. Waking up to see this $FOLKS price is abnormal, it surged nearly 200% in a short time.

I immediately rushed to open a position with 28U, and in just this short while, it became 70U. If this were spot trading, it would take at least 3 days to double.

Of course, I still do not recommend everyone to play with contracts.

If I continued shorting FOLKS, I could earn more, but I still took profits.

Because the price of this coin is obviously abnormal, the market maker has malicious intent to force shorts.

Currently, the total amount of FOLKS is not small, the real tradable circulation is extremely sensitive, and the depth is very thin, making the coin price extremely sensitive to capital‼️

It only takes a few tens of millions of dollars to create a "severely distorted price."

My short was opened at 42.31, which is neither low nor high, and in the range of 42–45, it is bound to be filled with shorts.

Therefore... above this range, it must be filled with fuel, and this is when the market maker loves to stir things up🔥

Because it only takes a small amount of capital to completely explode the main force of shorts + to explode the chasing high shorts again.

That is: to rise 1.3—1.8 times, and conduct an extreme emotional wash.

In plain terms: the current drop does not worry the market maker at all. He is waiting for the shorts to gather; once they do, it will be the time to explode.

Normal wash of shorts: raising to 52U.

At this time, there must be shorts who do not believe it and chase high, and the market maker will explode the shorts a second time: raising to 68U.

This range is what the market maker loves to do, as it can wash away more than 95% of shorts.

But there are still shorts who do not believe it, so... the market maker will raise high for the third time, conducting an extreme explosion of shorts: raising to 95U.

So I have never liked contracts, nor do I recommend others to learn from "Little K Line Brother," seeing bubbles and going short infinitely.

If "Little K Line" shorts FOLKS, its stop-loss price is 100% above 100U, which is an absolutely safe area.

But 99% of contract traders actually do not have such capital and will not be steady enough to place a liquidation position above 100U.

So, as I said: the end of contracts is liquidation; if you can avoid it, don't play, unless you can truly overcome the nature of greed.

Anyway, I cannot do it. If I could overcome the nature of greed, I wouldn't be trading contracts.