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FOGO finally dropped to 0.05. To be honest, yesterday's market was very strange. Seeing the IPO price at 0.035, which was much higher than my preset target of 0.01, I chose to avoid risk and exit first.
Actually, when the announcement was just released the day before, I had already placed a large short position to hedge, but this time the market movement shattered my plan. Regretful as it is, I need to do a serious review.
The problem is very clear: the market is indeed sluggish at the moment. As long as IPO projects are profitable, there will inevitably be people dumping through hedging to escape. This has become a market norm—the participants are in a game between gains and risks, ultimately putting pressure on the market.