Trade Direction: Short
I like to keep an eye on both sides. H is currently being minted endlessly by hackers, and the shorts definitely seem like a guaranteed win, but the question is—will the hackers suddenly stop? If the minting halts, the price could skyrocket in an instant, and the shorts might get wrecked. Also, in such extreme market conditions, will the exchange intervene temporarily? For example, suspending deposits and withdrawals or adjusting leverage rules. Historically, similar events have seen the exchange step in and the market trend reverse rapidly. So while low leverage shorts seem good, you better set a stop-loss and not just hold on for dear life. At the end of the day, opportunities to make money are often hidden in panic. But blindly following the shorts can also lead to pitfalls; waiting for the minting data to clarify before taking action is safer.
I like to keep an eye on both sides. H is currently being minted endlessly by hackers, and the shorts definitely seem like a guaranteed win, but the question is—will the hackers suddenly stop? If the minting halts, the price could skyrocket in an instant, and the shorts might get wrecked. Also, in such extreme market conditions, will the exchange intervene temporarily? For example, suspending deposits and withdrawals or adjusting leverage rules. Historically, similar events have seen the exchange step in and the market trend reverse rapidly. So while low leverage shorts seem good, you better set a stop-loss and not just hold on for dear life. At the end of the day, opportunities to make money are often hidden in panic. But blindly following the shorts can also lead to pitfalls; waiting for the minting data to clarify before taking action is safer.