#GMT热度飙升
$ACT This is a coin issued by Dongdazhuang. Yesterday, a precise batch of retail investors went long, and I speculate that the main reason for the sharp drop is that there were too many long positions. A 20% drop could clear out low long positions that are set with stop losses and liquidations. This data is available in the Binance backend, accessible through the VIP API interface for large clients.
Playing contracts with small coins is essentially a game against other retail investors; the big players don’t care. They will cut where there are more retail investors, and to them, long and short positions are the same. How to game against other retail investors? Watch the squares; when the shouting is the loudest, it’s time to short, and when there’s a chorus of insults, it’s time to go long. Don’t try to integrate into the square; learn to be the opposite of the majority, but of course, you can’t rely solely on this. You also need to refer to contract data.
Let me teach you a concept of 'perspective-taking,' especially suitable for this coin. When everyone thinks the price should stabilize, it might actually drop a bit more. When it has dropped and no one is talking, it’s time to rise again. Now, the price has risen back to the level before the sharp drop.
Coins like Bitcoin and Ethereum, which Dongda claims do not matter, lack these possibilities. If the square is overwhelmingly bearish, it won’t rise; if the square is overwhelmingly bullish, it won’t drop. It seems that the big players don’t really care about retail investors' opinions; it’s more about the whales fighting among themselves.