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Many have been misled by a short-term surge that dazzles the eyes, and $BASED short positions have successfully captured substantial profits.
Positioning the short at 0.09546, the current price has moved to 0.08522, netting a 516.59% return.
After a round of pullback, the downside room is gradually narrowing; short-side momentum continues to get depleted, and an opportunity for rebound and recovery is currently brewing.
Don’t get too fixated on fighting for the last part of the market move—first, securely lock in your paper gains.
Wait for the market’s next developments and look forward to the next time a suitable setup opportunity arises.
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