Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently, this Meme coin on the BNB chain has started to pump again, but to be honest, its performance is quite average. Looking at its candlestick chart, my impression is four words: not impressive.
Why do I say that? The market cap is right there—over 100 million, not small but not huge either. The key point is that there are almost no big players; at most, a few large investors are making moves. For these big players, shorting the coin is much easier than pumping it, with lower costs and more direct results.
If it really reaches around 0.19, I would consider continuing to short. For this kind of altcoin, chasing the rally is like a one-night stand—quick, exciting, but ultimately fruitless. Instead of riding the wave higher, it's better to stay calm and observe; most of the time, the probability of a short position winning is higher.
To put it simply, don't let FOMO (Fear of Missing Out) control your emotions when dealing with such coins. Rationally analyze the market, and the probability of being bearish will be greater.