TonyDing
$PIPPIN
Once you see a perpetual contract of a certain coin being collectively cut from 50x+ to below 20x by major exchanges within a few hours, and the maximum position size dropping significantly:
• Immediately close long positions, even if there are unrealized losses, and run
• Consider lightly shorting or waiting for a dip to buy the bottom
• Never think that “limiting leverage is to protect retail investors and it will go up” → this is almost a guaranteed death trap
Over the past 3 years, 99% of coins that experienced collective leverage reductions (LUNA2, FTT, JASMY, BIGTIME, BLUR, WL
Once you see a perpetual contract of a certain coin being collectively cut from 50x+ to below 20x by major exchanges within a few hours, and the maximum position size dropping significantly:
• Immediately close long positions, even if there are unrealized losses, and run
• Consider lightly shorting or waiting for a dip to buy the bottom
• Never think that “limiting leverage is to protect retail investors and it will go up” → this is almost a guaranteed death trap
Over the past 3 years, 99% of coins that experienced collective leverage reductions (LUNA2, FTT, JASMY, BIGTIME, BLUR, WL
PIPPIN0.08%


