Yesterday, C was listed on Binance, and I believe many fans are paying attention to this token.
The project party first launched the contract, and last night they launched the spot contract to drive up the price, attracting retail investors to enter the market. Subsequently, there was a high-level consolidation, which led many inexperienced traders to try to short at the peak.
After the spot listing, when retail investors were still FOMOing, the main funds had already started to take profits, successfully trapping those who chased the price at the high.
This low market cap, highly controlled coin perfectly illustrates the dual eating of both bulls and bears.
As long as a new coin is listed, we will prioritize shorting at high levels. New coins will generally experience selling pressure from airdrops and private placements, so it is better to wait until the selling pressure has been digested before entering the market.
