Been 10x longing $PUMP for roughly 3-5 hours and making around 30-50% returns. Pretty simple strategy and has worked for me 7/7 times I’ve done it (some examples & PnLs attached).
1. Buy in dead volume hours (6-11am CT)
2. Wait for high volume hours to close (usually 3-5pm CT)
Reasoning:
-I read that roughly 90-95% of revenue is currently being used for buybacks.
-Buybacks makes ~2-10% moves possible for just about any day. I usually only enter when macro headlines seem decent, but $PUMP doesn’t necessarily trade accordingly. Boosts my odds of success though🤷♂️
- With 10x lev and some size (I’m using 5k margin each time), buying into the sell offs and selling once a mini-pump occurs is v profitable.
Caveats:
- Entry is everything.
- I don’t treat PA as “charts and levels.” I know nothing about chart ranges and stuff, but instead focus on the factors moving them.
- Only works with longing. Buybacks push price up.
- On days when I see no volume onchain, I don’t enter. I’m not good at shorting and will not play it.
- not necessarily aiming for “selling the top” so much as aiming to sell when volume seems topped for a day.
@Woah_Vickyy I like how you’re approaching it mechanically instead of trying to force TA on something that doesn’t really trade like a normal chart. Entry discipline + respecting volume seems like the real edge here.
Only on CT will people who made all their money through memecoins explain where we are in the cycle by drawing a couple lines and saying:
“Above here bullish, below here bearish.”
Thanks for saying in a roundabout way that price goes up if it goes up and down if it goes down
Leaders set the tone for their respective markets.
Mag 7 -> S&P rally
BTC ATH -> Market rally
$Pump ATH -> Pump eco rally
$BNB ATH -> BNB eco rally
Which leader silently went up 2x+ in the last week, and has yet to see a move in their eco?
As on-chain trading goes more mainstream, ICM inevitably will heat up.
This is arguably the easiest meta to play since unlike the other parts of the space, companies have fundamentals.
A Short thread⬇️