Hi, I took a few days off, I'm back!

Many fans in the group are asking me if WLFI is worth buying, my answer is: no, and the risks are extremely high!

Because its total issuance is 100 billion coins, the current price of 0.34 corresponds to a total market value of 34 billion. However, its stablecoin issuance is only around 2 billion, so its market value far exceeds that of its stablecoin issuance, which is not very reasonable.

Everyone can take a look at the current market value of Trump Coin, which is only 8 billion. This was personally launched by Trump the day before he took office, when the overall environment was very hot, but now it has weakened a lot and is a bit bearish.

So the risk of WLFI is actually quite high. The cost price for early investors is 0.015, and now they have more than 20 times the floating profit. They are likely to gradually cash out after it goes live. So in the short term, there may be some pumps or none at all, with extremely high short-term volatility. However, in the long run, its total market value will gradually return to a rational price.

Trump Coin has already dropped 90% from its peak, everyone please consider the risks carefully. Even if there is a high point, I might still short with 1x low leverage.

The WLFI will open for trading tonight at 9 PM. If you are really interested in playing around, then let's dive deeper into our operations and thoughts. Currently, his contract position is only a mere 400 million USD. You have to understand that this is a leveraged market, and this pre-market trading has been on for over a week. With a position of only 400 million and his price around 0.3, which corresponds to a total market value of over 30 billion, I think he is still overvalued. Therefore, I will stick to my analysis and look for opportunities to short at high points.

The resistance is around 0.38, and there is strong support at 0.2, but I think it might drop lower in one or two months. Even at 0.2, it would have a market cap of 20 billion, making it one of the top 10 tokens by total market cap in the crypto space, while its stablecoin issuance is only 2 billion.

However, this coin has a strong background. If the market maker opens with a high price, it's also possible, but what should we do if we want to short?

We chose to enter in batches, and the actual leverage is only 1x for each order with a position of (10x1% and an actual holding of 10%). Last night, I first set up some base positions and then waited to see if there would be any pump when the market opened in the next few days, and then I would slowly add another 10% position at 1x.

The most uncertain thing about this coin is the short term, but what is more certain is that it will go down in the long term. So just wait for the hype to pass in the next few weeks, and if you stick it out until the end, you'll be fine. Definitely don't go for high leverage, just 1x leverage, in the long term, and enter the market in batches. Don't let greed get the better of you. If you trade Bitcoin with 50x leverage and also trade altcoins with 50x, isn't that insane?
Actually, contract operations come with risks. I am willing to take on a certain level of risk to operate, and lowering the multiplier makes it safer. If I make a profit, I am happy; if I incur a loss, I accept it.