$LAB ‌Up to now, there are still people who dare to bottom-fish—I’m genuinely impressed.

A couple of days ago, I kept warning in the square: don’t casually catch a falling knife with this kind of coin. But even so, in the comments, there’s still a bunch of people saying it has already dropped so much that it can’t possibly drop further.

Now look back—it's still able to keep dropping.

My short position, from 0.77 all the way until now, has already made more than 7x returns, and I still haven’t closed it.

A lot of people think I’ve been lucky, but that’s not true.

I just don’t believe that a coin whose sell-pressure hasn’t ended yet, and whose supply hasn’t been released completely, will suddenly hand out money to retail traders.

Whether the project team issues announcements or tells a story, it doesn’t help the price at all. The order book tells you every day who has the initiative.

This kind of price action is the easiest to fool people: every little drop makes someone feel the bottom is in, and every rebound makes someone shout that it’s reversing.

But the people who really make money usually don’t chase their emotions.

At least right now, I still can’t see any reason to go long on it.

Wait until the time when the coins have truly been washed clean and the funds have come back—then it won’t be too late to discuss bottom-fishing.

I’d rather miss out on a segment of profit than, just to gamble on finding the bottom, hand all the earlier gains back. $BTC $ETH #GateUS合规扩展佛罗里达