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AIN is a small-cap coin with poor liquidity, easy to be manipulated, and falls into the category of altcoins. It is only suitable for short-term trading and not for long-term holding.
The 4-hour chart shows the price being continuously suppressed by the MA60 yellow line, which is a standard short-selling signal.
The rebound lacks volume and substantial positive news, clearly a trap for buyers. Coupled with high funding rates, shorting offers a high cost-performance ratio. Last night, I took advantage of the upward momentum to short, and currently, I have a profit of $1,100!
Based on this trend, it should drop further. For those who missed the opportunity, let's discuss.
$BTC