$KNC Review - The trap of pumping volume to make the list

Bought in at 0.1685, now at 0.1558, a loss of 7.5 points. What's more painful is that it once reached 0.1897, with an unrealized profit of 12 points, and I didn't sell. Now it has turned into a loss, this is the consequence of lacking execution

At that time, I saw the funding rate -1.1309%, and the short position was bleeding heavily, with a turnover rate of 31 times, thinking that the big players were building positions. But I was wrong; a turnover rate of 31 times is not building positions, it's pumping volume to buy ad space to make the list, and the big players are doing data manipulation to trick retail investors into taking over. Now, open interest (OI) continues to decrease by -7.5%, longs are fleeing, and the original building signal has already become invalid

Although the funding rate is still negative, OI is decreasing, which is not a short squeeze but longs withdrawing. If it can rebound around 0.165, I will halve my position; the rest depends on whether it can return to 0.17 to protect capital and exit. If it falls below 0.15, I will cut all losses and accept the loss. Be cautious of coins that pump volume to make the list in the future