CETUS is about to be launched. At this point when the market is rising across the board, will CETUS also soar?

Personally, I suggest not to be a buyer. I think you can find an opportunity to short cetus at a high level.

Cetus has been online for a long time on the neighboring OK exchange. After the news that it will be listed on Binance was announced, it soared from $0.2 to $0.35.

As for the cetus project itself, I don’t think there is anything eye-catching, and I can’t find the next potential positive in the short term. Therefore, the positive news of "listing on Binance" has landed and the price has soared. It’s time to pull back. As the saying goes, "good news is bad news".

In addition, there are many small currencies on Binance recently, which have also soared due to positive news such as "listing contracts", but they have continued to fall after being listed and soaring. Refer to many new contract trading pairs on Binance recently, which are almost all in this trend.

At the same time, in the past year, the spot prices of Binance have almost been falling as the initial heat fades.

Therefore, you can short at a high level after cetus goes online. If you are a more conservative trader who prefers to enter the market on the right side, you can wait for a while and wait until the popularity of cetus decreases before shorting.