$pons Observe this fractal. If you think you’re gonna long something that just went up 2000% and it doesn’t retrace 70-85 percent of the move…. Well you either just got into crypto 5 minutes ago, or you were around last cycle and learned nothing at all.
$pons on the bright side, I’d say if the level below holds and buyers show up bigly, that’d be really bullish. Currently my bias is the 4hr rejections are a decent short opportunity into this area.
If it responds weakly down there, I’ll stay short.
$PONS get your head checked if you’re longing this right now. This asset is 2 months old. This is the way this shit always fucking goes. And when we get to the bottom of C here, you better pray that’s the bottom.
@theunipcs Come on man. I know you’re smarter than this. You can not annualize PONS revenue based on such a limited data sample. And we both know pump is not being valued based on simply being a launchpad.
$crv let’s take a moment to appreciate that this thing finally looks based out. This would be my ideal scenario. I’ve wanted to see that blue line break for years.
Like.. the current lower timeframe structure looks solid and can develop correctly.
$rail I’m not gonna be responsible for price targets, but I am gonna let you know I think some shit is about to go down folks. At minimum, I don’t see why we aren’t about to hit the top of the range.
The liquidity is so thin though, things could get wild.
@Rendoshi1 Investors are valuing pump based on about a year worth of data. Revenue was significant and consistent even while everything was down only.
Other platforms can and likely will do well competing. But they’ll have to prove themselves a bit.
PUMP is valued "higher" than other launchpads and deservedly so
It conquered that position
Revenue is real, consistent and you can expect it to still be high in a deep bear market with $2M toppers as we had earlier this year
When you're doing a longterm investment you want to make sure the business can survive a bear market, and PUMP can because we all saw it
It isn't fair to discount it, your portfolio can have more than one launchpad allocation
This setup is probably too perfect to fail on $PUMP - everyone knows this part of the bitcorn chart. I'm not making any comparisons beyond the fact that it's a beautiful, massive bull flag.
I think we probably do clear into the .40 - .50 area but I've frankly been a greedy little piggy. Always remember, Pigs get fat, but hogs get slaughtered.