Good evening, today let's talk about $PNUT and $NEIRO
Many friends have asked why these two coins have risen so much. If you are familiar with these two coins, you will know that they often appear at the top of both the gainers and losers lists. They don't just appear on the gainers list. So why is that? It depends on their range density; they have significant ups and downs, understand?
My biggest misjudgment with $PNUT was with PNUT, the Squirrel Coin, which is also a politically charged coin. After the release of the Trump Coin, I wrote that Squirrel Coin would be replaced by Trump Coin and become a discarded piece. I sold all my PNUT spot holdings. Sure enough, PNUT Coin plummeted, dropping nearly tenfold.
In this wave, my focus was on Trump Coin, thinking it would multiply a few times. I completely overlooked Pnut, which is also a hot coin; I thought Pnut wouldn't rebound, but unexpectedly it staged a beautiful comeback. Surpassing the President Coin, Pnut is leading the way. Will Pnut reach 1 dollar? We discussed this last year, feeling its average price is around 1 dollar. A key reminder is ————
🔔: This coin is very, very tricky for contracts; everyone must be cautious. The more people short it, the higher it rises. When everyone is too afraid to short, it will drop unexpectedly hard on the long positions.
We used to play with PNUT, and at that time, shorting at highs was very profitable, with a large range. But there is no constant benefit; it can be said to be “luring the enemy deep, inviting you into the trap.” Several friends have been caught off guard by PNUT's overnight surge. Moreover, forced liquidation happens under extreme conditions, even in very favorable price situations. It's a coin that is strongly manipulated by the market makers.
Another point to note is that Squirrel Coin might involve some emotional investment from some Americans, which we overlooked. In my personal opinion, the spot holders of PNUT have seen a threefold increase in these past few days; congratulations. One must also understand to sell at the top; you can reduce your holdings in batches or adjust your portfolio to stable BNB.
Neiro also shows obvious signs of similar manipulation; these two coins are suitable for investment, but remember to sell at the top. Newcomers should not blindly chase high prices as the bag holders; they might leave you hanging very high, too high to bear. Just remember to sell at the top. The current trend is very beautiful and can be traded; congratulations to the profit makers, but also remember: stay alert.
In comparison, PEPE might be a bit more stable.
🍀Take care!