I've been holding YB for a long time. When it first got listed on spot, the price action was pretty strong, and I thought I could make some quick gains. But now, after a while of sideways trading, it's getting really close to a major resistance level—at this point, it feels almost wrong not to open a short position 😂.
I checked on-chain, and the liquidity pool only has about 500,000 USDT. What does that mean? The market cap is tiny. What's even crazier is the fully diluted valuation is sky-high—it’s obvious the team is hoarding a huge amount of tokens and is heavily controlling the market. So my plan is to short it first and try to profit from a small pullback.
That said, I’m still bullish on the overall trend 🤣. Short-term plays are just for fun, but you can’t lose sight of the long-term logic.
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WalletDetective
· 3h ago
A pool of 500,000 USDT is really tiny; I honestly don't understand what the project team is thinking.
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MeltdownSurvivalist
· 3h ago
They think they can control the market with just 500,000 in liquidity? This project team is a bit naive.
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MEV_Whisperer
· 4h ago
The liquidity in this market is so tight, short positions really need to watch out for slippage.
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HappyToBeDumped
· 4h ago
The liquidity is so tight, it's obvious the project team is up to something shady.
I've been holding YB for a long time. When it first got listed on spot, the price action was pretty strong, and I thought I could make some quick gains. But now, after a while of sideways trading, it's getting really close to a major resistance level—at this point, it feels almost wrong not to open a short position 😂.
I checked on-chain, and the liquidity pool only has about 500,000 USDT. What does that mean? The market cap is tiny. What's even crazier is the fully diluted valuation is sky-high—it’s obvious the team is hoarding a huge amount of tokens and is heavily controlling the market. So my plan is to short it first and try to profit from a small pullback.
That said, I’m still bullish on the overall trend 🤣. Short-term plays are just for fun, but you can’t lose sight of the long-term logic.