#coai $COAI Pig Brother previously wrote an article about coai touching the top, with a minimum of 20 down to 4. Unfortunately, despite the good discussion, he actually lost 10,000 U. The essence is the disconnection between knowledge and action, coupled with an unfamiliarity with shorting. Fortunately, this wave of going long on coai has recovered a significant amount. So, how to understand the logic behind this wave of going long?

It can be observed that coai has been consolidating at a bottom price of 4-5 for as long as 20 hours. If this is a situation where the dealer abandons the market to release goods, it is very likely to drop after a period of volatility, or to fake a breakout, leverage five to three times and then drop again. However, the situation is completely different; coai has doubled from the bottom and the trend is strong. Thus, Pig Brother judges that the second phase of the market may really have arrived. Considering the funding costs, the short positions opened at the top for coai have not made much profit, and with the unlocking at midnight on the 25th, it is highly likely still a forced short market, which has increased Pig Brother's confidence to go long. 17.3 should be the short-term top; no one knows the true top.