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$SIREN Wow, this coin is like on drugs, up over 260% in 7 days, today it shot from $0.55 straight up to $0.84 and then dropped back to $0.68. The rollercoaster ride is too much for someone with a weak heart to watch.
To be honest: most of the whales and big players are currently making money, with an average cost around $0.63, over 60% unrealized profit. These folks could bail at any moment. But on the other side, those with losses have an average cost around $0.52 and are still holding without selling. The $0.68 level is awkward—neither here nor there.
Strategy (just for fun, don’t take it seriously):
1. Want to chase the rally? Don’t buy now, wait until it drops back to around $0.62-$0.63—that’s the big players’ cost zone, and someone is supporting the price.
2. Want to bottom fish? If it drops to $0.55-$0.58, try a small position, set a stop-loss below $0.52, and bet on the big players’ self-rescue.
3. Want to short? If it rebounds to $0.72-$0.75 and can’t break through, that’s a shorting opportunity, but don’t be too greedy with profits.
In one sentence: when something rises so sharply, it can fall just as fiercely. Either wait for a pullback or watch the show—don’t be the bagholder. #Gate广场四月发帖挑战