#数字资产动态追踪 $LIGHT's long positions have completed the chip consolidation phase😅. These kinds of meme coins are always like this—a 70% plunge directly halving the price, which is a typical pattern for altcoins.



The most outrageous part is that the timing of the dump always happens where you least expect, dropping instantly. Looking at the funding rate now, it has already reached -2%, with all short positions. During a waterfall decline, no one can enter long positions, and there are no buyers—only shorts fighting each other.

Friends still holding short positions can consider taking profits and locking in gains. Instead of stubbornly holding on, it’s better to use this correction to go long with low leverage around 0.3, laying in wait. When the rebound arrives, you can execute another wave—$ETH and $XRP's recent movements are also worth observing, as the opportunity to switch between bullish and bearish often occurs in such extreme emotional states.
LIGHT-62,77%
ETH0,44%
XRP2,24%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
RektButStillHerevip
· 8h ago
Yao Coin is just like that, a mess. However, the -2% fee rate at this level is quite interesting; piling up short positions might actually backfire.
View OriginalReply0
DaoGovernanceOfficervip
· 8h ago
ngl, the funding rate data here is kinda messy... -2% screams capitulation but nobody's actually buying? that's not how market mechanics work empirically speaking. classic retail delusion tbh
Reply0
RektRecordervip
· 8h ago
Yao Coin's old trick of cutting leeks, 70% directly slashed, I've seen this kind of show too many times.
View OriginalReply0
FlyingLeekvip
· 8h ago
I see through this Yao Coin trick; a 70% drop came so suddenly, there's no way to prevent it.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)