LYN's recent short squeeze and stop-loss were indeed a bit unfortunate, but it's quite normal. Observing the recent trend of altcoins, I found that their growth ceiling is indeed getting lower and lower. LYN's market cap only reached around 40 million USD before it started to dump directly. From my trading experience, for such pump-and-dump coins, if you want to participate heavily in shorting, you should wait until the market cap breaks above 100 million USD before considering. Yesterday, I only used 2000U to lightly test the waters, and unexpectedly, today there was a big bearish candle, and it dumped immediately. This also clearly indicates the issue — the liquidity of current altcoins is really poor. They often rise to a market cap of 40-50 million USD, then start forming needle-like K-lines before crashing and dumping. This has become a common phenomenon.
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ProbablyNothing
· 8h ago
Sigh, I got scolded by the market maker again. The 2000U is gone just like that. If I had known earlier, I wouldn't have been so eager.
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BearMarketSunriser
· 8h ago
2000U testing the waters can also get smashed? This liquidity is really weak, altcoins are now just a trap.
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StablecoinGuardian
· 8h ago
Stop-loss is just stop-loss, anyway I haven't lost too much. But this indeed exposes the current liquidity problem of altcoins, it's too easy to be crushed.
LYN's recent short squeeze and stop-loss were indeed a bit unfortunate, but it's quite normal. Observing the recent trend of altcoins, I found that their growth ceiling is indeed getting lower and lower. LYN's market cap only reached around 40 million USD before it started to dump directly. From my trading experience, for such pump-and-dump coins, if you want to participate heavily in shorting, you should wait until the market cap breaks above 100 million USD before considering. Yesterday, I only used 2000U to lightly test the waters, and unexpectedly, today there was a big bearish candle, and it dumped immediately. This also clearly indicates the issue — the liquidity of current altcoins is really poor. They often rise to a market cap of 40-50 million USD, then start forming needle-like K-lines before crashing and dumping. This has become a common phenomenon.