It is best not to short the new coin bio, it may reach 1.5u!
After Binance has been listing high-valued VC coins for a long time, many leeks have no good feelings about new coins. Few people buy them, let alone short them as soon as they are listed. But today this little chicken is a little different. It is very likely to pull it to 1.5u and then smash the market to get locked in. The reasons are as follows:
1. First of all, the forum is generally bearish, and Bitcoin has not fallen much, which means that few people buy it and the blood sucking is not serious.
2. Secondly, the contracts launched on other copycat platforms have negative interest rates of about -0.15, which means that there are still not many circulating tokens.
3. Finally, the most important thing is that because of the above two reasons, there are many short sellers, and those who have not bought are also waiting for Binance to launch contracts before going long. Therefore, before the contract is launched, this chicken may pull it up first, and when everyone thinks that the contract is going to explode the air force, it will directly smash the market and explode the long army. In this way, the long and short double explosions will slowly start the road to zero!