Recently, LPT and RVN surged due to news!
The rise was fierce, making it look like a bull market was coming, but what happened?
After doubling, they directly plummeted, leaving a mess behind.
This routine is too familiar,
With one "good news", it surged 100%, and retail investors chasing in became the bag holders.
After the news tide recedes, it crashes decisively; truly, "get on the bus for a minute, get off and queue long".
How to play next?
For coins that surge over 100% based on news,
Once the volume stagnates and the news tide recedes, they are very suitable for light shorting.
It's not that we don't respect good news; it's just that we've grown tired of too many empty news.
See the rhythm clearly, don't be a leek:
The more outrageous the rise and the more inexplicable the theme, the easier it is for it to slap you in the face in return.
