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The RED token has recently experienced a rapid surge, with an increase of nearly 58%, and there are voices in the market advocating for "direct shorting and long-term bearishness."
|Based on practical trading experience, Dao Ge believes that RED's recent surge is supported by its oracle ecosystem and the fundamentals of its collaboration with EigenLayer, rather than pure emotional speculation. Although short-term trading volume has increased, there is no obvious divergence, and the risk of blindly shorting is very high.
In the long term, while it has certain ecological value, the current price increase has already overextended some expectations, and the overall crypto market remains volatile. Long-term bearishness should be approached with caution.
It is recommended to mainly observe in the short term, avoid blindly following the trend to short, and wait until the price falls back to a reasonable range and trading volume shows a turning point. Then, consider ecological development and layout to avoid misjudging the trend due to short-term fluctuations and to maintain risk control bottom line. #RED