#Cross I just closed the positions of three accounts for hedging here, losing about 70U, because this wave did not break the previous low, and two 15-minute bullish candles appeared.
Personally, I believe the risk of hedging is too great: one is that the fundamentals are in a bull market, and the second is that this operator does not play by the rules. Since they can pull up the price to attract many people to participate in the competition, they must have a plan to manipulate this Cross; 9 out of 10 will take hedging actions, and even those who do not participate in the competition will short Cross.
According to previous competition logic, the price of the coin will plummet in the last one or two days, making it difficult for you to manipulate, but based on this operator's pattern, they may continue to push up the coin price in the last three days to attract more people to manipulate, while also targeting short positions, and finally dump the price after the competition rewards are distributed.
In the crypto world, it looks like a pie, but in fact, it is a trap.
Of course, the above is just my speculation. What if this project party has a vision and rewards someone participating in the competition with hundreds or thousands of dollars.
