$BR The market maker has this coin tightly under control. Never try to short the top!
The BR whale is stirring things up again. Over the past 30 days, they’ve pulled nearly 70 million U worth of tokens straight out of the market. Combined with their on-chain control and the market-making tokens they hold on exchanges, their grip on this market has reached a terrifying level.
At this point, it all depends on how the market maker wants to play it.
For a highly manipulated coin like this, here’s my heartfelt advice: never short it.
Why? Because your potential losses when shorting are unlimited. With a market this tightly controlled, shorting carries unlimited risk too. Unless the whale has clearly signaled that they’re abandoning the market and dumping their holdings, don’t even consider shorting.
If shorting is off the table, then the only option is to go with the trend and look for opportunities to go long. But it’s already up nearly 20%, so don’t chase the price.
Wait until the sharp rise is over and the price pulls back and stabilizes, or until it goes through a low-volume shakeout, then follow in with a small position. Make sure you have solid protection in place and stick to a strict stop-loss.
How high do you think the market maker can push it this time? $Q #山寨币热点
The BR whale is stirring things up again. Over the past 30 days, they’ve pulled nearly 70 million U worth of tokens straight out of the market. Combined with their on-chain control and the market-making tokens they hold on exchanges, their grip on this market has reached a terrifying level.
At this point, it all depends on how the market maker wants to play it.
For a highly manipulated coin like this, here’s my heartfelt advice: never short it.
Why? Because your potential losses when shorting are unlimited. With a market this tightly controlled, shorting carries unlimited risk too. Unless the whale has clearly signaled that they’re abandoning the market and dumping their holdings, don’t even consider shorting.
If shorting is off the table, then the only option is to go with the trend and look for opportunities to go long. But it’s already up nearly 20%, so don’t chase the price.
Wait until the sharp rise is over and the price pulls back and stabilizes, or until it goes through a low-volume shakeout, then follow in with a small position. Make sure you have solid protection in place and stick to a strict stop-loss.
How high do you think the market maker can push it this time? $Q #山寨币热点
