A project has attracted quite a bit of attention. The current price is 27, with a market cap of around 10 million. Two days ago, the trading volume significantly increased, followed by a sideways consolidation phase. Interestingly, the open interest on the contract side grew nearly tenfold in a short period, and the overall trend shows signs of market making.



Historically, such situations are not uncommon. Previously, projects like myx and pippin started with similar market caps of around ten million and eventually surged dozens of times. Of course, this doesn't guarantee it will repeat, but it does indicate that projects of this size have had such opportunities before.

The key point is how leverage is used. The exchange's position limits are quite clear—if the principal is below 10,000, the maximum leverage is 5-10x; for larger principals, it's advisable to be more cautious, with 3x low leverage being sufficient.

In terms of short-term targets, the first level is around 45, and the second level points to 90. However, these are rough estimates based on the current trend. Market conditions change rapidly, so it's essential to keep an eye on open interest and risk at all times.
MYX6.07%
PIPPIN-0.37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
ProofOfNothingvip
· 5h ago
Tens of billions in market cap sideways trading with 10x leverage positions? This rhythm feels a bit familiar, but I still need to wait and see if it can break 45.
View OriginalReply0
GateUser-a606bf0cvip
· 5h ago
Market cap contracts' positions increase tenfold? This pace is quite interesting. I missed the MYX wave and still regret it. Wait, about leverage—I think I need to stay calm. There have been quite a few 5-10x liquidations, right? Can it really reach 90? It feels like another round of the usual money-grabbing scheme. The contract side is really intense and worth paying attention to, but the risk is also truly high. Who knows when it might suddenly crash?
View OriginalReply0
StablecoinEnjoyervip
· 5h ago
Tens of millions in market cap sideways, contract holdings skyrocketing tenfold? I've seen this trick before, the MYX wave was really outrageous. 27 to 45, 90? I'll first see if it can break new highs before making any moves; such small caps are too deep. Leverage, huh? With small funds, at most 5x is the limit. Don't be tempted by historical opportunities to blindly go all in; liquidation is even more painful. But I have to admit, this kind of size is indeed easy to move, just worried about catching the last leg. Honestly, it's still about setting stop-losses properly; otherwise, short-term quick profits are pointless.
View OriginalReply0
ApeShotFirstvip
· 5h ago
Damn, the contract skyrocketed 10 times? This rhythm feels off, the market-making vibe is too strong Wait, from 27 to 90? If I really could get in, that would be great, but I didn’t catch the last wave of myx either, my mentality is collapsing Leverage is a good point to discuss, I just worry about being reckless and over-leveraging, ending up back to square one overnight Can I still chase this stock now, brother? The 27 level is already a bit high Oh my, the trading volume has increased tenfold in a short time, someone must be manipulating behind the scenes, I’ll just watch quietly Is sideways consolidation a sign of a rally coming? I bet it breaks 45 How are 45 and 90 calculated? Feels a bit optimistic I dare not go all-in, with a small capital I just hold 3x and keep it, take some profit and run These small-cap projects are just gambling, but who made us so greedy?
View OriginalReply0
GweiWatchervip
· 6h ago
Ten million market cap contracts' positions have increased tenfold? I've seen this tactic before; myx and pippin used the same trick back in the day. There's a strong market-making vibe, but the opportunity is right here in front of us. Don't be greedy with leverage; for small capital, 5x is the limit. Large funds should stick to 3x for stable returns. Targeting 45 to 90? It depends on whether the main players still have the patience to keep pushing the price down. Projects in the tens of millions market cap are indeed prone to sudden surges, but they can also crash just as quickly. Risk management is the real secret to making money. A sharp increase in open interest is just one signal; we still need to observe whether it's a genuine breakout or a fake move.
View OriginalReply0
P2ENotWorkingvip
· 6h ago
Is a market cap of 10 million looking at 45 and 90? Uh... I'll first see if it can break 30 haha I've heard too many stories of contract liquidations, a 10x position increase is a bit questionable A tenfold increase from the million level is not a dream, the question is can your principal hold up until that moment The market traces are so obvious... need to keep a close eye, it could change at any time Low leverage is really attractive, I prefer to survive rather than chase quick profits I only dare to watch this kind of market, I don't dare to move MYX and Pippin can fly, but that doesn't mean this one can too, probability is a thing... A sudden surge in open interest makes me more cautious, the market isn't that simple $45 is a dream price level, protecting the principal is the most important Sideways movement isn't a good sign, I think there's still room to go down This 10x contract data... have to ask who is bottom-fishing or shorting
View OriginalReply0
SchrodingerAirdropvip
· 6h ago
I'm serious. I've seen the 10x increase in holdings before, and in the end, most people got trapped. Wait, 45 dollars? That would need a 67% increase... Forget it, let's see if there are other more reliable options. Myx definitely made quite a few people money, but dare you say you can replicate it? I wouldn't dare. Projects with a market cap of tens of millions, risk leverage maxed out... That's gambling, I'm passing. 3x leverage? Sounds stable, but once it reverses and breaks the level, you'll get liquidated immediately. Still not touching it. The market-making signs are so obvious—are the big players absorbing the chips or retail investors? Who can tell? Sideways consolidation... Wait, is this a sign of distribution? Something feels off. 45 and 90 are just dreams. The market can turn on a dime, and setting stop-losses properly is more important than anything.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)