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Recently been watching LIGO's trend and found that its fluctuation range is from 0.4U to 5U, with a surge of over 350%. Looking at the chart, it feels a bit familiar, but the scale doesn't quite add up. After comparing the trading data carefully, I really suspect that the same wave of funds is manipulating.
The most painful part is the fee—already soaring to 43%. Let's do the math: I bought in at a high of 5000U, and now just paying the fee costs about 400 yuan per hour. This calculation hurts whoever does it. Even more frustrating is that under such market conditions, it's impossible to short directly, as the fee costs are enough for the whales to eat you completely.
My own experience is a vivid lesson. I entered at 0.43, and when it rose to about 115%, I sold my long position and switched to short, hoping for a double win. But when it dropped to 90%, I felt something was wrong, so I quickly bought back my long. When it rose to 200%, I couldn't resist going short again, but ultimately I lost. After repeatedly messing around, I finally gave up and decided to wait and see.
For those who haven't entered the market yet, you can try two strategies: either wait for the whales to shake out the market, and when it drops below 0.15, try a small long position; or wait until the coin price exceeds 0.5, then gradually short in small batches. The key is to control risk and avoid being drained by fees.
Repeatedly chasing short and long positions just turns us into living harvesters for the big players. I was also caught this way.
I'll consider entering again when it drops back to 0.15. Right now, it's purely the fee paying the big players.
This wave is really the big players' amusement park, and we are just paying players.
LIGO's trading tactics are indeed eerily familiar, but honestly, with such outrageous fees, there's no way to participate.
I've heard too many stories of repeatedly changing orders, all being crushed by fees.
Waiting for it to drop below 0.15 before going back up is safer, don't be scared out by the market maker's shakeout and sharp decline.
Losing 400 dollars per hour on 5000U, who can stand that?
Repeatedly going long and short still gets you harvested; this is the gambler's mentality, brother.
It's not too late to wait before entering; don't get drained by the fee rate.
This wave of market feels a bit dirty, there are issues with capital relay.
Small-scale testing is okay, but don't be greedy; entering now means you're destined to be harvested as a leek.
With such high fees, only the truly brave dare to operate.
I also don't quite understand LIGO's logic; it feels like a setup.
A 350% increase sounds great, but the fee swallowed it all in one go, making it impossible to calculate profit.
Waiting and watching is indeed a wise move; if there's no opportunity in this kind of market, don't force it.
From 0.43 all the way to now, this lesson has been very costly.
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Funny, putting in 5000U and losing 400 in an hour—might as well deposit in a bank and earn interest.
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Familiar trading tactics, switching to a different coin and using the same old tricks to cut.
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Instead of making double gains, I got trapped. I told you not to try reverse operations at the top.
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Wait, wait, wait—what's with these fees? Even 50 feels too high.
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Small-scale testing can't reach 0.15; the bottom-filling army has already leveled it out.
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The market maker is sharpening their knife, and we're just soaking in blood. The game rules are written so clearly.
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From your experience, you can see that in this kind of market, only observing can keep you alive. Acting quickly will only get you killed faster.
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Buying in at 5000U at a high? Bro, you're just feeding the whales.
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Repeatedly messing around is a living warning, I've learned the same lesson myself.
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Waiting for below 0.15 is really unrealistic. This round probably won't recover.
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Such exaggerated fees make everything pointless. It's better to just be honest and watch.
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Rising to 200% and then shorting is just greed gone wild. Can't change this habit; you'll always be a rookie.
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You probably haven't sold since entering at 0.43. I feel for you for a second.
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The signs of this fund manipulation are too obvious. They really treat retail investors like ATMs.
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I also want to try small amounts, but my luck is so bad right now. Better to stay calm.
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Fees eating up all your profits is the most deadly. The exchange is really shady.