Simple Review:
Yesterday $C was launched on the spot market and experienced a significant surge. I took a gamble and shorted a mini position of 500U around 0.31, which peaked at 0.54. I gave up shorting around 0.45, thinking that news-driven stimulus would lead to a pullback, but I didn't expect the fees and explosive rise to trigger a short squeeze.
Later, I realized that this coin would likely pull back only after being launched on the spot market, as the spot launch and holder airdrop would create some selling pressure, preventing it from maintaining a high price. However, I didn't short again afterwards, leading to a missed opportunity. Of course, I wouldn't take a large position to gamble; I just wanted to test my hypothesis. Today at noon, I saw $C's price quickly retract, which indeed confirmed my assumption. So next time, I can consider using this method for replication.
