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Looking at the recent market movement of SPORTFUN, I believe the logic behind the listing is not that simple. The previous surge seems to be a setup for a trap—standard tactic of giving the bulls a sweet taste first, then hitting back. I've seen this pattern many times; the manipulators behind it are just trying to harvest retail investors during the volatility.
My strategy is very clear: as long as the price pulls back to the 0.1 level, I will add to my position directly. Why am I so confident? Because for the market makers to maximize profits, they need more chips. During the rise, they will continuously attract short sellers, and once they have built enough positions, they will strike hard again, leading to a surge of sell-offs. I am positioning myself within this logic.
For risk management, I set a small position with 4x leverage, within my acceptable loss range per trade. Even if the price continues to fall later, my position won't be wiped out. Instead of chasing the high, it's better to wait for this shakeout to end and lower the average cost. That's how the market works— the more the price drops, the more shorts pile in, and the clearer the opportunity becomes.