Be careful with the FRAX coin, don't open short positions recklessly. The total circulating supply is 99.68 million coins, formerly known as FXS. Have you noticed that recently, most altcoins with a market cap around one billion are easily pushed above 20U? So, shorting these kinds of assets really requires careful consideration. Instead of taking risks, it's better to wait for opportunities. Either look for long entry points at the bottom area or wait until it is pumped to a high level like other altcoins before considering shorting. The volatility of small-cap coins is just like this; caution is the top priority.

FRAX24,95%
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
ContractHuntervip
· 9h ago
One hundred million plates daring to push up to 20U, this wave of main force is really fierce. I'll just wait and see for now, let's talk about the bottom later.
View OriginalReply0
SorryRugPulledvip
· 9h ago
Hmm, a billion-dollar coin is indeed easily driven crazy by the whole market. Going short really means risking death.
View OriginalReply0
CryptoCross-TalkClubvip
· 10h ago
Laughing out loud, can a 100 million order be pushed to 20U? I would call this move the "Whale Harvesting Machine 2024 Upgrade"
View OriginalReply0
GhostChainLoyalistvip
· 10h ago
A hundred million coins hitting short positions, really a bloody lesson. I almost got wiped out a few days ago.
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)