LIT's recent decline has been quite sharp, dropping 20% in four days. Actually, from a trading logic perspective, going long and going short are completely different strategies.

Going long is like stacking blocks; if one piece is missing, the entire structure collapses. Every component needs to be in place before pushing upward. Going short is much simpler and more direct—find the pain point and hit it hard, and you can profit from this wave.

Why did LIT plunge? Basically, the whales haven't accumulated enough chips yet, and there's no motivation to push the price up. Since dropping from the 4.3 price level, retail investors' chips have been continuously sold off, and the whales haven't had the chance to consolidate and accumulate. Comparing this to HYPE's rhythm, which peaked at 45 yuan after listing and then dropped to 9 yuan, it took them a full two months to consolidate and accumulate before pushing the price back up. LIT has been listed for less than a month, and this time frame is simply not enough.