@Pivot922 I don't mind the short but it feels perhaps a little premature shorting here into a clear twap. Waiting for a sweep, or a stop run maybe gives better odds? Where's your inval?
@mdudas ????
This was just a deposit vault to earn points in order to participate in the token sale, for which they are raising $50mil... compared to $1bil that pump fun is raising. 2 vastly different examples you muppet
@dulumu2 Not sure what you mean? Price is doing what the graph you posted says which makes the most intuitive sense as well lol. Volume is going down and price is going up
Interesting price action i've been noticing lately on a few giga bullish coins on chain, where volume is decreasing but price is pushing higher.
Usually after big legs up, when volume tapers off price will tend to bleed away because there isn't enough demand to absorb sellers.. and normally after big legs up there are always sellers.
But one some select few coins, when the volume starts to taper off, price actually starts gaining levels and grinding up. This tells me that alot of that "supply" that should be selling here aren't, which means demand > supply in this area. Which leads to another leg up for continuation.
When there's lack of sellers (diamond hands, cabal, bundled supply, good team etc) it doesn't take much buy pressure to move price up.. noticed this on #MASK, #LAUNCHCOIN #LABUBU recently
#BTC Insane spot absorbtion on the bids over the past week in this range.. that's almost $1.7 billion in net sell pressure that's been absorbed on BTC while we have been limit up (CVD and price divergence usually indicates strong passive limits)
Bear holed macro doom n gloom traders who didn't submit to the PA are on suicide watch rn lmao
We pretty much straight lined up to ATH from 74k low..been over 40+ days with no real pullback is crazy. Biggest pullback was ~5%. Everytime it looked like structure was about to breakdown, we hold and start grinding higher.
Massive stale sell walls above ath though, curious to see how we react but looks like we just tear through them if momentum like this stays? Gatdam
Execution is truly all that matters. Can have the right idea and thesis, but if not poorly executed it's gg.
Had some great execution past few days that got completely offset with poorly timed emotional execution
Just to add to this, it's also possible the acceleration might be alot faster than anticipated cause of the attention relative to liquidity (2.2mil LP @ 290m mc). Liquidity is really thin compared to how much attention it's catching. @ChainEDGE_io has #launchcoin /#pasternak at #1 on the attention dashboard (amazing tool)
For comparison, Gooncoin has $1.8mil LP @ 23mil mc.
Writing this more for myself to journal some ideas.. but heres a few things i found interesting price action wise on #virtual in October 2024 and #launchcoin now:
- Both had a strong, roughly 15-20x+, lockout pump that broke past 200m.
- Both peaked around 320-350m.
- Virtual held 200m support for like 3 weeks
- Virtual pulled back ~40% from top to bottom of range, launchcoin is down ~40% atm and holding 200m level
- Volume on virtual died out while holding the low but still held 200m support (lack of aggressive sellers but also consistent demand)
Virtuals formed a pretty perfect trend line/wedge pattern before leading to a giga breakout.. would love to see something clean like that on $launchcoin but liquidity is pretty thin so don't know how clean it can be.
Ideally, launchcoin ranges here with tapering off volume, supply being absorbed at support, consolidate for a litttle bit (maybe a deviation + reclaim of range) before loading up the next leg. If this is truly the new "meta" it should hopefully play out something like that.
Think also due to the idea of a "meta" being well known atm (and low liquidity), we should see an accelerated playout as opposed to 3 weeks like virtual.. but how accelerated i'm not sure exactly.
One caveat though is BTC and Alts are in a precarious spot atm with BTC holding near range lows at 101k and slowly bleeding.. would need BTC to NOT nuke and stabilise or break out up for this to play out i think
Roundtripped a bunch of profits into losses on ICM coins like #icm, #buddy, #fitcoin, etc find it alot easier to take profits and secure gains on perps as opposed to onchain. The allure of 10-100x doesn't exist and i find myself being able to think more rationally and execute alot cleaner on perps.
Fomo is probably my biggest detrimental factor.. not being discplined with entries, and not being logical and discplined with exits.. chances of me hitting a 10-100x is slim when entering at 5-10m mc as opposed to entering at 100-200k mc so i should adjust expectations and tp's accordingly.. especially if they've already pumped and haven't had a consolidation phase.
Better to stack wins instead of go for the home runs, shout out @real_y22 who does this real well.
There's alot of money to be made on chain, can't stick to perps, so i need to get better especially as conditions are improving now.
Only saving grace of the past few days was nailing the top on #jellyjelly on perps on decent size, so here's the execution i'm proud of lmao