$CHIP Seeing it rise so high now, everyone wants to short. If you’re a seasoned trader who regularly shorts altcoins, you’ve probably already gotten on board.

The circulating supply is only about 2 billion, and the overall market cap is still very low. Up ahead, there isn’t much overhead pressure from people being stuck in losses. This pump is basically driven by the project team itself, or by funds that were arranged in advance to deliberately push it—otherwise, why would the project team kindly do a free listing/new token run?
Right now, the trading volume keeps expanding, and it’s still constantly probing new highs.
In theory, short positions really do have excellent cost-performance, but they’re also easy to get liquidated when they spike upward and needle through.
Market makers pulling the price are basically using the short side as fuel—keep that in mind.
So far, 0.1 has already been reached. If it breaks through and holds steady, it can still be pushed even higher!
Keep adding to your long positions.