I've recently been keeping an eye on $TRADOOR and wanted to share my observations.

First, let's look at the fundamentals: total supply is 60 million, current circulating supply is 14 million, and when the market cap was $20 million the price was around $1.4. Here's the key point—the top five addresses hold over 75% of the tokens, so this project is tightly controlled. The whales can move the price at will, and currently, buy orders on derivatives platforms make up the majority.

I accidentally opened a short position on May 6, just to test the waters, and unexpectedly made a decent profit. The next day, the price dropped straight to $1.1. I determined that around $1 is likely the short-term bottom, corresponding to a market cap of about $10 million—which is also the listing threshold for some of the larger exchanges.

Right now, this token has been listed on 14 exchanges, and the number of holding addresses has surpassed 100,000, but a few top-tier platforms haven't moved yet. I think it's unlikely to hit $2 in the short term: first, it's obvious the whales still want to use the current momentum to get listed on a few more exchanges; second, although there's a lot of buying on derivatives, the funding rate isn't maxed out, indicating that the bulls aren't fully committed.

My trading strategy: take some profits around $1.55, and consider gradually buying back above $1.2 in the next few days. Of course, this is just my personal market sense and not financial advice—manage your own positions accordingly.