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OnlyALittle

#SLX Breaking through 0.1 seems necessary; since you can’t borrow coins to short, you can only open a contract to short first, lowering the cost.

SLX3.80%
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青川踏歌QingchuanTreading
· 20h ago
Having 95% of the chips concentrated in the hands of the major holder is this coin’s biggest fatal weakness—there is no possibility of retail investors banding together to push the price up; the community-splitting narrative is a coordinated tactic used by the main players. They spread panic about the concentration of chips to scare off and drive away retail holders, while simultaneously releasing oversold “bottom-seeking” bullish news to lure in off-market bargain hunters to take delivery; in the short term, there is only room for a small rebound of 15%-30%. Once the rebound reaches the 0.106 resistance level, it will face the major holder’s concentrated sell-off. For a long-term reversal and rally, it must wait until the major holder finishes fully washing the chips at the low price and releases the short positions held in hand before it can occur.
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NewBrotherTradingDiary
· 07-20 12:29
How to short a cryptocurrency using borrowed coins
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