0xSun shares WLFI shorting logic: open short at high and close positions at low

Odaily Planet Daily News According to trader 0 xSun's review, its two recent short operations on WLFI have not suffered any floating losses. 0 xSun said that in the first stage, when the WLFI opening price was higher than US$0.4 to US$0.5, he judged that there was a risk of selling pressure, and chose to short and close the position in the range of US$0.25 to US$0.2; then combined with the on-chain data sold centrally after the opening pre-sale address, he restarted the short position when WLFI rose again to above US$0.3 and completed the closing position in the same range. He believes that WLFI's current FDV is still relatively high, but the short-term trend depends more on the real circulation volume and pre-sale unlocking rules. If there is no clear long-short logic, it will not participate in the new position operation for the time being.