Not much action over the weekend, my back injury flared up, just lying at home.
I sold 80% of my $eth at $3938. I still have a positive outlook on the trend, but the resistance here is quite strong, so it might not break through in one go. I don't really want to gamble on it; if it breaks through 4111 decisively, then I'll consider chasing it.
I built a position in $sui. Everyone says there's good news coming today, so I'm betting on that good news to continue pushing the price up. This operator is different from others; both selling and pushing the price up are aggressive. If good news comes out, it might surge even more—pure speculation.
I noticed funds flowing back into $vine around 0.7 on-chain and in the spot market, but I'm hesitant to gamble on this kind of coin's second phase. I'm also worried that Old Ma might change the name with just one post, and I'm afraid this operator might hit me hard. In a bull market, it's still important to be cautious when increasing positions and to keep funds available for major coins.
It's Friday again:
Let's start with the losses.
$doge has been too weak, I've retreated, I admit defeat.
$ponzi that idiot @123skely, the output was supposed to be exponential, but it turned out to be multiplicative, with output declining linearly. The returns from the white account are much greater than my level four account. The conclusion is that no matter the strategy, just buy coins, stop playing this ridiculous game.
$ani's top guy has cut losses, it looks like the fund is about to run away. I'm at a floating loss and won't add to my position, just holding for now.
Now for the good news:
Last night, news about $vine came out, I started buying at $0.05, made a couple of plays, and it felt pretty good. However, this project has two fatal issues:
1. Musk could change the name at any time, referencing Twitter's name change to X, which is a common practice.
2. There are too many ambushers, as the exchange's contract depth is very poor, once it goes up, there are always sellers in the spot market.
So I sold both waves around an average price of $0.08, not bad, didn't lose money and even made a little.
$eth I'm bullish without thinking, got in at $3600, don't let me down, brother. I've been a guardian of e for years, looking at $4000+. I don't care how others are bearish, I'm just looking at $4000+, and we'll talk about it again after that. This viewpoint was mentioned to my group friend Kaji at the beginning of last month. Initially, I was looking at $3000+, and once it broke through strongly, I thought at least $3500. Now companies like bmnr and sbet are continuously buying, and their costs aren't low. bmnr's average price is around $3600, and institutions buying in aren't fools; they won't sell (in the short term) because they want to stake for yield, push for more staking, and apply the logic of #defi to traditional old money. You see, I can offer you such high-yield income, hurry up and send me your money for custody. This will inevitably lead many traditional old money to allocate to high-yield products. As for how it ends, that's for future generations to ponder. Anyway, everyone is the same, assuming that future generations are smarter than now.
$bonk is still the toughest guy, let's go!
I heard that Glaxy's big brother can unload for 30 million dollars and can even open short positions in advance. I have $glxy that can get to the other side, right?
That's all for now.
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