Mango Labs Founder: Has Longed Canaan, Rare 1:5 Risk-Reward Opportunity

BlockBeats News, July 26th, Mango Labs founder @dov_wo shared a market view stating, "I have taken a long position in Longxin Technology. In my opinion, Longxin is a rare 1:5 risk-reward opportunity, with a 20% downside and 100% upside, a risk-reward ratio of 1:5."

@dov_wo listed the following reasons for the bullish view: low circulation ratio, regulatory intervention, institutional optimism about its investment opportunity below a market cap of 3 trillion, and suggested strategy is to "close the position at a high opening tomorrow to take profits, and if it opens low and then trends higher, patiently wait, resolving the battle within 3 days."