cryptotrading
Pi Network: Short Opportunity
Why Pi Network token launch creates a shorting opportunity.
·1 min read·14 views
pi network has its token out now. i think it's completely overpriced and if you're a savage enough trader, it's a strong opportunity to short
the price is high because of very weird liquidity dynamics. buy pressure exists, but only a fraction of the token liquidity is unlocked right now.
i don't see this as a 20b (200b?) fdv coin, I think there's plenty of value to short (MEXC / OKX) especially as the unlock supply starts rolling in
showing weakness from peak now, i think from $2.2 can run it down to below $1.0