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Looking at FRAX's recent trend, the rebound momentum has clearly weakened. From a technical perspective, this price level indeed carries quite a few risks—overinflated market cap, lack of upward momentum, and a higher likelihood of a correction. I just opened a short position at 1.07, with a liquidation level set at 1.2. This time, I allocated a position size of 50,000 USDT, with a target around 0.6. Honestly, I don't want to watch the market closely right now; I want to let the bullets fly for a while. How the subsequent trend develops, I'll check the results tomorrow— the market will always give an answer.
2. A scale of 50,000 US dollars is not small, really daring to take action, setting the liquidation line at 1.2 is a bit aggressive.
3. Let the bullets fly for a while, I like this phrase, just itching to act, the first thing tomorrow morning is to open the market and watch.
4. The rebound of FRAX is indeed weak, overvalued currencies always need to come back.
5. Oh my, your configuration looks quite exciting, entering at 1.07 is also quite bold.
6. I agree with the judgment that the market cap is overvalued, it will eventually need to adjust back.
7. 0.6? Alright, if it really drops to that level, it’s a big win, let’s just wait and see.
8. Not watching the market is correct, watching too much makes it easier to lose your mind, good luck!
9. The decline in rebound momentum is quite perceptive, it feels like the next phase will be a downtrend.
10. Dropping 50,000 US dollars in one go is a bit risky, but I understand that craving feeling, keep it up.
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Damn, it's the same old trick of letting bullets fly... Going straight to liquidation tomorrow is probably the routine.
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Betting 50,000 U to reach 0.6, how low will FRAX have to fall... I’m skeptical.
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Not watching the market is the right move; watching it means cutting losses.
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If you can hold until the target level this time, you win. Most likely, tomorrow will be a story of a reverse K-line.
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It looks quite confident, but that kind of confidence is the easiest to flip over.
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Short at 1.07, liquidation line at 1.2, leaving only 1300 points for yourself in between... Playing a bit tight.
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Waiting for the result tomorrow? Then just wait to be educated by the market haha.
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FRAX, this coin, I’m just afraid you’ll precisely miss the rebound.