Completed the dual long and short eat $SAPIEN
Basically based on research expectations
Initial selling pressure is small, long-term selling pressure is large
The drop at the opening was a bit abnormal
Saw news on Coinbase in the early morning
Immediately realized it needed to explode the short
Opened a long position and went to sleep
Considering the long-term selling pressure, I closed the position the next day after waking up
The logic for the short position is based on the price being too high compared to my valuation
Also, a one-fold increase has already wiped out the short sellers
There’s no reason to continue rising
There is still significant long-term selling pressure, must offload.