The new coins that Binance has launched have already formed an inertia, and shorting is definitely more likely to succeed than going long. Many people are just waiting for new coins to go live to gamble.
The contract had a surge before hitting $NEWT , and since the spot market opened, it has already dropped by 50%. Currently, there has been no effective stabilization observed, so it is recommended to watch and wait.
For those who are conservative with short positions in contracts, they can exit first, while the remaining can continue to hold. It is expected to continue to decline!
