#ban feels like many people are trapped by the ban. Let’s talk about this ban today. On November 23, I mentioned that all the whales of this coin were holding short positions. This kind of whale is very cunning. If you're interested, you can check out my previous posts where I elaborated in detail. My long-time fans shouldn't be trapped by this ban. After that, I advised against touching either long or short positions, and I haven't looked at this coin since then. Playing with such coins in a bull market is purely harmful.
Today, let's analyze this coin again from a data perspective. In the short term, within 48 hours, the contract open interest has increased while the contract net value has consistently flowed out, indicating that the main focus is still on increasing short positions. So, don’t rush to catch the bottom; it might not be possible. Their strategy is basically to keep increasing short positions while continuously selling spot to eat the long positions of retail traders.
However, I also do not recommend you short it now. One point to note is that the contract open interest of this coin is around 37 million, and the current market capitalization is 75 million. The contract open interest is already half of the market capitalization. You never know when the main force will quietly increase long positions at a perceived bottom, then gradually close some short positions before starting to accumulate long positions as short positions take profits. The explosive power of such volume when short positions are closed and long positions are opened together is actually very strong. You can refer to the trends of Big Dog and CATI; they are basically played out using this strategy.
I do not recommend you play with the ban, but if you really want to, you can wait for a few consecutive days of small bullish candles on the daily chart, as the main force slowly closes short positions at the bottom while there is a noticeable increase in long positions during this push-pull. Such operations may lead to an explosion after being stable for a few days. However, without data, it’s hard to observe this, and you might be misled by seeing sideways movement thinking the main force is accumulating, while in reality, they are just closing short positions and haven’t started to accumulate long positions, so it won’t pump high and will continue to flush. Analyzing this kind of situation with data is also relatively difficult. Overall, I still do not recommend playing with the ban, just like my previous advice.
