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If the $B2 in your hands doesn’t double within 24 hours, you’re stupid. With a 24h trading volume of $27.9 million, it was pumped from 0.3063 to 0.4141—up 22.99%—but this is just an up-pump trap to lure buyers. This round of the market-maker’s pump is propped up entirely by news-driven momentum; the turnover rate is under 8%, and real retail investors can’t possibly catch the supply. Anyone rushing in is just providing fuel for the market-maker—once the trading volume drops below $10 million, a single wick can stop you out and kick you off the board.
My advice: short if it’s above 0.42. Set your stop-loss at 0.43, take profit if it goes to 0.35 or below, and keep your position size within 5%. Don’t talk to me about value investing—this coin’s market cap is propped up by nothing but thin air. Don’t believe it? Then hold and wait for the drop—when you lose money, don’t come crying to me.
In the comments, we’re betting a pack of spicy noodles: within 24 hours, can $B2 break below 0.37? I’m betting yes. What are you betting?