币圈8年老韭菜

Ready to take a long position to short MON

The reasons are as follows:
1. The market cycle is on the rise, and there will definitely be a surge of long positions; coins with significant price increases will definitely be favored by retail investors.

2. This coin currently has a market liquidity of 10.8 billion pieces, and there has been a lot of noise on Twitter because the project party has not issued coins to retail investors who participated in the testnet airdrop, so it is likely that these coins are concentrated in the hands of the market makers, and the project party controls the liquidity.

3. Currently, the liquid market value is close to 500 million, and the total market value is nearly 5 billion. Which institution dares to have such a high market value now? Its coin price has doubled directly reaching the 10 billion dollar mark. Think about how much the project party paid for ZEC to reach a market value of 10 billion.

The project party is unwilling to distribute even the testnet airdrop, claiming it is to prevent "witches"; this project party has no vision at all. Not issuing airdrops in the early stages is just to control the market, and in the end, they might agree to give airdrops to retail investors to get listed on exchanges, but by that time, the market makers' short positions will have already been established.

My personal entry position for the MON short is 0.04595, 5X at 5%. The next round of accumulation is prepared around 0.06-0.08. I think my only opponent is the funding cost of the market maker pushing the price, but since this market maker is not a compatriot, I believe the funding cost will not be stuck for too long, so I am relatively confident about this position. If this market maker were a compatriot, I wouldn’t even look at it.

I have never thought about opening a position at the top or bottom; being able to see it is just good luck, or it is just about seizing the opportunity. $MON
{future}(MONUSDT)