Come, let's have a good review of $NXPC:
The reasons for getting in yesterday were clearly stated in the previous post:
1. The price has fallen to a point where it can't go down much further.
2. The news about Tencent's acquisition has not been confirmed as true.
The reason we decided to buy: it's actually just about betting on unlimited upside potential and limited downside risk, right? The moat is very strong!
Even if Tencent denies the news, it is still above water!!! This is the importance of the first point: with limited downside and a position that can't fall much further, your maximum loss is very limited!!!
Before Tencent denied that the acquisition rumor was false, I shorted $NXPC at the 1.5u position, and the reasons for shorting are as follows:
1. After reaching the 1.5u position, it quickly fell back down, it couldn't hold; at this time, the market's buying power was insufficient, and the volume clearly couldn't rise;
2. Because I bought the spot, I was uncertain about the market's overall sentiment, and it is clearly not working right now, as the $eth altcoin also performed very poorly. Therefore, I can short at the 1.5u position: first to prevent a second drop in the overall market, and second to hedge my spot!
