GHST price has peaked, and the chance of shorting it is very high now.

Since Binance launched its perpetual contract yesterday, ghst soared 27%. There should be many investors who not only dare not short, but also worry about another pull-up, and do not want to buy at high prices, thinking that the cost performance is too low.

Next, let's talk about the short-term price trend of ghst to provide some reference for your trading.

Before ghst announced the launch of the contract, it was a token with almost no liquidity, and there were often no transactions for several minutes.

I have mentioned many times before that for currencies with extremely low trading volume and very few traders, even if they are pulled, the increase is limited.

Prices are not created out of thin air. Whether it is a pull-up or a smash, there must be sufficient buying and selling orders to support it. For such untraded currencies, the price will most likely continue to fall within a few days after the surge.

Moreover, Binance has used this method of "launching contracts to cause surges" dozens of times, and the market is no longer buying it. There will no longer be a situation where the online contract surges for many consecutive days like rare.

So you can short ghst. As long as you control your position well, you will be able to wait for a big pullback.