Last time I shorted $FUN four times and got liquidated, this time I am being honest, shorting $MYX, $PROVE , and $Home with a small two times position. Do you think I can make it to the other side?

The reasons for shorting these coins are as follows:

1. None of these hook coins have disclosed total revenue and net income, and myx is even worse. It claims to be a cross-chain decentralized exchange with no slippage, but when I actually used it, I discovered that this garbage chain requires a VPN to trade, and the actual trading experience is worse than using Binance and OKEx, with long transaction times, and by the time I completed the trade, the price had already moved. 3. Its revenue mechanism is also outrageous, with USDC fee rebates and myx token value, acceleration points. I don't see any reasons for it to continue rising after such a significant increase, I personally think it's seriously overestimated, with a valuation that's too high. The other coins are in the same boat.

2. Trading perspective

The recent K-lines of these coins are not good, they seem to be stuck, unable to rise or fall, and the position volume has plummeted in recent days without recovering. The funding rates are all positive, indicating that there is no short accumulation, meaning there are no shorts to fuel the market. Moreover, with shrinking trading volumes and fewer participants, the manipulators have no retail investors to exploit, maintaining this market isn't interesting anymore; it would be better to switch to another coin and continue exploiting.

3. Liquidity perspective

Macro-wise, the U.S. and China have not made any further cuts in interest rates. Although Hong Kong Hibor has dropped significantly, the main players in the crypto market are still from the U.S., the Middle East, and China, so there hasn't been a significant liquidity injection macro-wise. As for the liquidity in the crypto space, #ETH突破4300 #加密总市值创历史新高 Bitcoin has distributed a large amount of liquidity, while more new coins are still on the way. The old three, Solana, is still waiting for its so-called catch-up, with more wolves than meat. Not to mention it has already multiplied several times, leaving little room for speculation.

$MYX