$BNX If all the renamed contracts are forced to close, it must be good for the shorts, because the current contract position ratio has exceeded 2.0, which means that the long position is twice that of the short position, and most of the short positions are retail investors. Therefore, the main force is likely to push up and knock out most of the shorts. It must be knocked out. This is a life-and-death war. I expect this to be above 1.8, which may not be accurate. The main force decides!
Then learn from REEF's trading method, burst in the front, oscillate in the back, and finally pull back briefly to knock out the long stop loss, and finally violently pull up, and then completely ship out. We may be in a short-term pullback stage, but we can't press more, because this position is extremely unsuitable for long positions. For me, I am more willing to take short positions in batches at highs. Remember to take batches to eat certain returns! At present, a layer of short positions has been built at 1.22. A layer of short positions means a position of one-tenth of the principal, and then a layer of short positions is set up every 10% upwards. This greatly reduces the risk of bursting you and ensures that you stay at the table.
BNX has a circulating market value of 400 million and a total market value of 600 million. It has risen from 30 million to 40 million. Currently, every tweet about BNX has been viewed over 10,000 times. If I were the main force, I would be ready to close the net.
Moreover, BNX has a history of bad deeds (Figure 1). In short, I hope everyone can reduce leverage and avoid liquidation. As long as you stay at the table, you will have a chance to turn things around.
