I've been watching $pippin lately, and the market maker's moves have been really slick.

Several times it looked like it was about to crash, but they managed to pull it back up. But honestly, this kind of play is very risky—the price has already pumped nearly 10,000% from the bottom, and that kind of surge is basically a ticking time bomb. In this market, if you catch it right, making 100x profits on altcoins isn't a dream, but the problem is, who can actually hold through it? Besides the project team and the market makers themselves, most retail investors will get shaken out.

The clearest signal now is that capital inflow has obviously weakened, not nearly as aggressive as before. My guess is there’s at most one more spike up, but it's probably just a bull trap.

So in terms of strategy, I still prefer shorting the rebound and will wait for that final spike before making any moves. Now's not the time to be greedy—protecting your capital comes first.