I stayed quiet for 2 days because it was the weekend, and not much volatility so I decided to take a break before returning back on Monday. We did well this week, and I believe taking breaks is necessary after a successful run to avoid becoming overconfident.
Our last short position was closed a bit too early, and my inner voice kept pushing me toward revenge trading. But instead of giving in, I decided to completely log out during the weekend to suppress that urge. This is just part of the disciplinary approach I’m following. During weekends, I also focus on learning new educational content to keep improving myself so that’s another reason why I was inactive. Anyway, our wallet is up 27%, and in the coming week I’ll do my best to push it to 50% After that, the real fun begins. So for now stay away from the market, enjoy the weekend, and let’s come back fresh on Monday.
Quick market update 24.07
1/ $PUMP just made another dip, and I am currently in a 50% loss. The issue with the new tokens is that u never know how high/low it can go as the chart is new.
$BONK now has a higher FDV than $PUMP, which gives $PUMP some upside. I will add more if we dip lower
2/ $PENDLE looks good on a healthy market correction, they have just reached $6B TVL (top 8 TVL). And Pendle's TVL and token price a highly correlated so I think the higher TVL goes more +EV we have.
3/ $SOL looks good, actually, against $ETH, as we have held the 3-year main support and can see positive price formation at current levels.
However, to fully shine, $SOL needs a meme season to come back, as for now, the volume is too low.
Overall, I've been waiting for this correction to add some of my $ENA, $AAVE, $PENDLE positions as well as $PUMP (high risk)
we are far from the cycle top, and we might have some bullish news today. May ur profits be juicy mashallah