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Weekly Token + Narrative Watchlist 🔎
With TOTAL3 breaking out, there are lots of interesting altcoin setups to discuss!
(it's a big watchlist this week).
Starting with crypto gaming:
$YGG: Yield Guild Games is set to host a summit from November 17th to 25th. Recently the market has been highly reactive to conferences and events. YGG's summit could act as a similar positive catalyst. We are already seeing solid momentum, but the conference is still a couple of weeks away so there may be room for a trade here.
$GMT, $AXS, $PYR: Other gaming tokens are also catching a bid, but note it's not just any gaming related tokens - the sector leaders are performing the strongest. We know that once gaming gets going, it runs aggressively. We’re also starting to see some of the big names talking about gaming again - keeping a close eye.
$ARB: Lots happening at Arbitrum at the moment. ARB eco incentives go live next week, with many of the top projects dishing out fresh initiatives. The Arbitrum staking proposal also passed earlier on today. And of course, EIP is still on the horizon as an underlying narrative. One thing I am noticing is that traders on the Binance leaderboards are starting to take some profits on their ARB positions. This is normal, however, and broader fundamental metrics are recovering and are looking solid. Ecosystem alts like $GMX and $PENLE are interesting plays too as they are direct beneficiares of the ecosystem fund.
$XRP: Ripple’s Swell event begins November 8th, and XRP has just been slowly grinding up into the event. XRP was on my watchlist last week, and is up about 20% since then. However, it remains on the watchlist - as I’m watching for news to start to break surrounding Swell. I'm generally wary of shorting in this environment, but if news is released and there’s movement on price - I may look for a sell the news event.
$AGIX & $FET: These are some of the leaders in the AI sector, and are up nicely from last week's watchlist. The OpenAI conference started today - and these tokens (truthfully) have little to do with OpenAI despite the pre-conference run. If no compelling news: also watching for a sell the news event.
$INJ: Just continues to trend higher, with shorters repeatedly getting squeezed. Also - for people wondering “what is the next INJ?” - Injective is the next Injective. Let your winners ride, this is a trending market.
$SOL: FTX continues to send tokens to exchanges, and price continues to not be affected. Either the market is telling you the “bearish overhang” thesis is invalidated, or there is enough buy pressure to outweigh the supply (the latter - in my opinion). Either way: SOL has proven a point here, and if we get any major dips, I’ll be adding.
$STG + $RDNT: Rumours of an impending LayerZero airdrop are rampant, and the odds on Polymarket have increased after the receipt of their SSL license. Expecting news relatively soon. As for specific tokens that may be affected: STG has already run, and I expect it to continue, but RDNT is slightly lagging? Which is odd, as RNDT also fits the Arbitrum narrative (2 birds, 1 stone). I'm definitely keeping an eye on it: I hold a spot position, and it could also present a good opportunity for traders.
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Again I am patient with 90% of my leverage account for better entries
$LTC my only leverage position open
Plus I still hold my $DOGE
(200K LONG) which I plan to hold a while
This is a marathon not a sprint
If you don't have a lot of capital, gambling on memecoins and other shitcoins hoping you might hit a 1000x will only ensure you have no capital.
The bull run is close. Be patient, invest in safe projects, grow your capital.
@Sheldon_Sniper I am very bullish on your report dear @sniper, but BTC should go down to 20700 and we are already at the under of the resistance.
Altcoins deaths is going to be second to the unknown things to notes before most of the 0.999999% see it.
Thank you for reading.
#Coinboy
Looking at the charts . BTC going down dominance going up , dominance did lose support and now retesting
I am seeing a bounce on BTC coming soon and looks like dominance will come down when that happens
Giving a strong alt bounce
Stay tuned for the show today
I am investing heavily in two types of crypto projects this bull run:
1. 2021-era projects that were still building in the bear market.
2. New projects released recently or are coming soon.
If they weren't grinding in the bear market and are only coming back now... f**k em!