$pippin Recently, many fans have fallen for this demon coin. I mentioned it before, and today I will elaborate a bit more in detail, hoping it can help you.
This coin has been hot since the end of last month, with its pattern being a rise, a bit of consolidation, and then another rise.
Many people see the bearish candlestick and blindly short it, but they all end up trapped. This is a typical strategy of strong market makers who prey on retail investors' psychology.
Looking at the on-chain data: the main funds are still flowing in, and the funding rate is negative.
This coin, which charges a fee every hour, can exhaust most short positions just through its fees. My advice is clear: don’t short it, focus on buying low.
If you’re trapped right now, don’t panic. First, clarify:
Are you trapped in a long position or a short position?
What is your position size? What leverage are you using?
Understanding these factors is essential to finding a solution. If you want to discuss details, you can come to the chat room, and I will help you look into it.
Remember: demon coins are not unplayable, but they cannot be approached with normal thinking. Either stay away, or follow the market maker's rhythm; don’t resist.
Keep an eye on: $BEAT $FHE
