$STABLE
1️⃣ The coin that may be interesting to many of us (especially if you're using Binance Alpha) appears quite overbought. Currently, its market capitalization is $645 million, which allows it to rank 71st on CMC, but it is not even traded on the Binance spot!
2️⃣ In the last month, the coin has grown by about 40%, outperforming the rest of the market. I think this is largely due to Binance Alpha, as it is where all the trading is happening right now. However, the x4 multiplier ends in 5 days, and it will face the same fate as all its predecessors! The cessation of trading under alpha ➡️ decrease in liquidity ➡️ equals decrease in the asset price over distance (sometimes very quickly)!
3️⃣ By random coincidence, exactly 5 days later, on March 8 💘, the project will have an unlocking of approximately $28 million! So maybe we can earn something for a bouquet for our loved ones)
What to do ❓
You can try to find a good entry point in shorts, strictly with a leverage of x1 (since liquidations are not excluded) and take the downward movement, i.e., this is a kind of spot purchase, just in reverse! The main thing is not to be greedy (x1 from the current price - this is liquidation at a price of ±$0.06 per token), and to find an adequate entry point.
I am not a trader, I won't recommend anything here - I have conveyed the idea to you in general terms, and you should decide how to act on it. Also, do not forget about funding, which at the moment can be negative and can eat up some margin on your position.
