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For tokens like COS, it's better to go long rather than short, for three reasons:
First, it has a low market cap and highly concentrated token structure, which means the cost of pumping the price is low, implying there's potential for rapid increases at any time.
Second, although it's an old token issued in 2018, there are still large amounts of tokens in a locked state, with unlock periods potentially extending until 2031.
Considering the overall structure of COS mentioned above, during the token unlock period, the main players have a high probability of increasing the value of their holdings through various methods.
Finally, COS's current extremely negative funding rate is highly unfavorable for short sellers. In the time ahead, even if the coin price doesn't continue to rise, as long as it remains sideways and the funding rate stays unchanged, the cost of shorting will increase over time. When that happens, even if COS declines, the profits from short positions may not be enough to cover the funding rate erosion. Since it's already a small market cap token with limited downside space, the probability of this scenario occurring will increase significantly.
Overall, going long has much better risk-reward ratio than going short. Even chasing the rally carries less risk than shorting. $COS