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#MLP #YZY
Based on the latest data analysis YZY token trading strategy: 📉💸
Current market conditions
YZY price has fallen to $1, with a market cap dropping to $1 billion, down 65% from the intraday high. Binance Alpha has listed this token.
Key Observation
🔥 Multiple large holders suffer huge losses: Address 2DNb2C lost 710,000 USD, and another investor has an unrealized loss of 600,000 USD.
⚠️ Continuous long position failure: a trader has leveraged 3x to go long for the third time, having already lost $159,600 in the first two attempts.
💰 Developer Profit: LP fees nearly $10 million, implicit fee rate 4-5%
Trading strategy recommendations
❌ Avoid bottom fishing: Continuous losses from large holders indicate a strong downward trend.
⏰ Wait and see: Enter the market only after waiting for stable price signals.
🎯 Risk Control: If trading is necessary, set a strict stop loss at $0.8
📊 Pay attention to trading volume: A stable increase in volume is needed before considering rebound opportunities.
Even BitMEX founder Arthur Hayes expressed regret for trading YZY and advised caution when dealing with such high-risk meme coins. 🚨