$NOT Short Position: Is a Major Retracement on the Horizon?

I've opened a short in $NOT, targeting $0.0051. After an astonishing 5x run in just 8 days in May, $NOT's price movement seems unsustainable. Remember the famous quote, "What goes up must come down." Here's why I believe $NOT has peaked and is set to retrace its entire move:

VCs have started promoting $NOT at the top.The current price action suggests manipulation to turn retail bullish.The altcoin sector is significantly beaten down, likely needing weeks to recover. During this period, $NOT could lose more momentum.I also believe memecoins will underperform while ETH and ETH Betas gain traction, driven by the $ETH ETF and TradFi entering the space.

What are your thoughts on this strategy?

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