Some fans asked me, why is the overall trend rising now and why choose to enter and chase long positions?
42765749147 currently has a low market value, most of the chips are in the hands of the market makers and large investors, and there are very few liquid chips outside!
The current funding rate has also reached -2%, the number of short sellers is increasing, and the risk for short sellers to incur position costs is very high. Market makers and large investors are profiting from retail investors, so going long is a wise choice!
For low market cap coins like this, when is it appropriate to short? If there isn't a sustained violent rally, don't blindly short! If the 15-minute line shows an increase of more than 30%, it would indicate a rise for profit-taking, and afterwards the probability of a crash is very high!
Therefore, at this stage, since there hasn't been a significant rise, my strategy is to buy on dips and closely follow the pace of the market makers!
I will also continue to monitor the trend of 42765749147 for opportunities to short and allow fans to re-enter the market!