#pi said short, the recent impact was deliberate, partly because the market maker deliberately drove the price down, partly because a cascade of liquidations led to automatic forced buying to close positions, causing the price to keep rising to 1.7. Now that the liquidations have been completed, the price will only return to where it should be, which is below 0.9. As long as the liquidation price is above 1.7, you can short at will now, and using low leverage will be stable. There was a long wick candle once, there won't be a second time. As for Favourable Information, once it is realized, it becomes Unfavourable Information.
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