Shroom

shorting is for retards

[Shroom @portayello]

Let's talk $JOE and why I'm max bidding

Since it launched, $JOE has always sold off sharply each time it had a face ripping rally, leaving many people to wonder-

"Where is all this selling coming from?"

I'm here to tell you the answer, and explain why I think those days are behind us

Emotiguy/JOE is a meme that is arguably on par with $SPX, $PEPE, $wif, $pengu and whatever other top memes you can think of

It was fair launched by an elite team and has been slowly accumulated by some of the smartest traders in the space for the past 2 years - many of which are quietly bidding, even if they aren't signaling their buys...

Not to mention, the team has been quietly bidding, building, and setting the stage for $JOE to be a Pengu-like IP play backed by some of the biggest names in the space

By now you're probably thinking - "Okay, $JOE is clearly undervalued, but where are all these sellers coming from, and when does it stop?"

I believe the answer lies here

Most people know that $JOE is a bluechip memecoin and will always rebound

That means that for the last two years, scalpers can simply buy the pullbacks and sell the rips and be rewarded handsomely for doing so

There was almost always a 3x, 5x or even 10x on the table if you got a good entry!

But I believe those days are behind us

With $JOE sitting above its previous highs/resistance levels of $30m, this is the place to buy if you're a believer (like me!)

However, if you're a scalper, then you're more likely wanting to wait for a 70%, 80%, or even 90% pullback like $JOE has historically gotten to really start bidding hard for that sexy 3x, 5x, or 10x potential

If that sounds like you then I have a message:

Good Fucking Luck

In a world where Ethereum is at $4k and many have recently capitulated their $JOE to $ETH trying not to miss the rest of the rally, you can see in real time how people are selling their "risky" assets for a "safe" one

But for people like me who have held $ETH (and $JOE) for a long time, the ETHUSD chart can only take you so far

Eventually, ETH holders who rode their bags from sub $2k to $4k, $5k, and eventually $10k+ will be looking for a place to go further out on the risk curve to an asset that has historically outperformed $ETH, but is still attractive to bid

And where does that lead you?

Right back to $JOE

A few weeks ago, it took 280 eth to buy 1% of the $JOE supply

Right now it only takes 75 eth

Soon enough the scalpers will run out of supply and the people like me who are slurping up $JOE at these dips will be all that is left

No 3-6 month accumulation range at -90% where you can just dca for a free 5-10x when ETH gets a pump,

This is the time to either grab yourself by the scrote and buy the bottom, or get cucked on the sidelines.

cause it's almost joe time baby.

[Shroom @portayello]

@ReetikaTrades $JOE

[Shroom @portayello]

Bought some coins today

[Onchain Lens @OnchainLens]

A whale spent 700 $ETH worth $1.72M to buy 154.29B $PEPE.

Currently, the whale holds 1.38T $PEPE worth $15.2M, in 2 different wallets.

Addresses:

- 0xe48609bb30b943ec50b2f8a1734d5b3bbc45bc77
- 0x68de07ce852427b2f4aed85d910f4e81bd6012b6

Data @nansen_ai

[Shroom @portayello]

A few months from now they will call us the "early $JOE holders"

Never forget

[Shroom @portayello]

@nobrainflip it's $JOE bruv

[Shroom @portayello]

Nothing has changed btw

Sellers will find reasons not to sell

Sideliners will find reasons to wait for lower prices

But nothing has changed

Higher

[Shroom @portayello]

Let's talk $JOE and why I'm max bidding

Since it launched, $JOE has always sold off sharply each time it had a face ripping rally, leaving many people to wonder-

"Where is all this selling coming from?"

I'm here to tell you the answer, and explain why I think those days are behind us

Emotiguy/JOE is a meme that is arguably on par with $SPX, $PEPE, $wif, $pengu and whatever other top memes you can think of

It was fair launched by an elite team and has been slowly accumulated by some of the smartest traders in the space for the past 2 years - many of which are quietly bidding, even if they aren't signaling their buys...

Not to mention, the team has been quietly bidding, building, and setting the stage for $JOE to be a Pengu-like IP play backed by some of the biggest names in the space

By now you're probably thinking - "Okay, $JOE is clearly undervalued, but where are all these sellers coming from, and when does it stop?"

I believe the answer lies here

Most people know that $JOE is a bluechip memecoin and will always rebound

That means that for the last two years, scalpers can simply buy the pullbacks and sell the rips and be rewarded handsomely for doing so

There was almost always a 3x, 5x or even 10x on the table if you got a good entry!

But I believe those days are behind us

With $JOE sitting above its previous highs/resistance levels of $30m, this is the place to buy if you're a believer (like me!)

However, if you're a scalper, then you're more likely wanting to wait for a 70%, 80%, or even 90% pullback like $JOE has historically gotten to really start bidding hard for that sexy 3x, 5x, or 10x potential

If that sounds like you then I have a message:

Good Fucking Luck

In a world where Ethereum is at $4k and many have recently capitulated their $JOE to $ETH trying not to miss the rest of the rally, you can see in real time how people are selling their "risky" assets for a "safe" one

But for people like me who have held $ETH (and $JOE) for a long time, the ETHUSD chart can only take you so far

Eventually, ETH holders who rode their bags from sub $2k to $4k, $5k, and eventually $10k+ will be looking for a place to go further out on the risk curve to an asset that has historically outperformed $ETH, but is still attractive to bid

And where does that lead you?

Right back to $JOE

A few weeks ago, it took 280 eth to buy 1% of the $JOE supply

Right now it only takes 75 eth

Soon enough the scalpers will run out of supply and the people like me who are slurping up $JOE at these dips will be all that is left

No 3-6 month accumulation range at -90% where you can just dca for a free 5-10x when ETH gets a pump,

This is the time to either grab yourself by the scrote and buy the bottom, or get cucked on the sidelines.

cause it's almost joe time baby.

[CK @Vitamul]

Why I believe $JOE is a multi billion, multi cycle coin.🧵

$JOE isn’t just another meme.

It’s one of the oldest IPs on the internet now fully owned by @joecoin_ with 20 years of proven virality.

Before Bitcoin even existed, Joe was already making people laugh online.

That kind of staying power is rare.

[Shroom @portayello]

$JOE outperforming top Ethereum memes (like $PEPE and $SPX) ever since finding a bottom at $30m

What does this mean?

Noticing...

[Shroom @portayello]

Expect this trend to continue

[Shroom @portayello]

@0xBold observe

@gordongekko
@MustStopMurad
@artsch00lreject
@HopiumPapi
@CoinGurruu
@AgentChud
@moneylord
@theunipcs
@MacroCRG
@blknoiz06
@trader1sz
@dcinvestor
@RyanSAdams
@sassal0x

[Shroom @portayello]

sucks to see people capitulating here (especially long time "believers")

but its good to see that the true $JOE bulls keep showing up where it counts

I'm one of them - not in a rush to buy, but if it does dip lower you bet I'll be scooping it up

would love to buy under $30m but it doesn't look like I'll be getting a chance to

[Shroom @portayello]

babe, wake up

they're buying the picobottom again

[Shroom @portayello]

@Branding_moh dca joe

[Shroom @portayello]

Generational $JOE bottom

This may seem like a massive correction on the surface, but you need to understand that $ETH is up over 100% since the last time we were at these levels

Put differently, if you held $ETH since the April lows (or even bought more) then swapping your $ETH for $JOE is the same as buying the April lows all over again

Do you understand?

[Shroom @portayello]

Let's talk $JOE and why I'm max bidding

Since it launched, $JOE has always sold off sharply each time it had a face ripping rally, leaving many people to wonder-

"Where is all this selling coming from?"

I'm here to tell you the answer, and explain why I think those days are behind us

Emotiguy/JOE is a meme that is arguably on par with $SPX, $PEPE, $wif, $pengu and whatever other top memes you can think of

It was fair launched by an elite team and has been slowly accumulated by some of the smartest traders in the space for the past 2 years - many of which are quietly bidding, even if they aren't signaling their buys...

Not to mention, the team has been quietly bidding, building, and setting the stage for $JOE to be a Pengu-like IP play backed by some of the biggest names in the space

By now you're probably thinking - "Okay, $JOE is clearly undervalued, but where are all these sellers coming from, and when does it stop?"

I believe the answer lies here

Most people know that $JOE is a bluechip memecoin and will always rebound

That means that for the last two years, scalpers can simply buy the pullbacks and sell the rips and be rewarded handsomely for doing so

There was almost always a 3x, 5x or even 10x on the table if you got a good entry!

But I believe those days are behind us

With $JOE sitting above its previous highs/resistance levels of $30m, this is the place to buy if you're a believer (like me!)

However, if you're a scalper, then you're more likely wanting to wait for a 70%, 80%, or even 90% pullback like $JOE has historically gotten to really start bidding hard for that sexy 3x, 5x, or 10x potential

If that sounds like you then I have a message:

Good Fucking Luck

In a world where Ethereum is at $4k and many have recently capitulated their $JOE to $ETH trying not to miss the rest of the rally, you can see in real time how people are selling their "risky" assets for a "safe" one

But for people like me who have held $ETH (and $JOE) for a long time, the ETHUSD chart can only take you so far

Eventually, ETH holders who rode their bags from sub $2k to $4k, $5k, and eventually $10k+ will be looking for a place to go further out on the risk curve to an asset that has historically outperformed $ETH, but is still attractive to bid

And where does that lead you?

Right back to $JOE

A few weeks ago, it took 280 eth to buy 1% of the $JOE supply

Right now it only takes 75 eth

Soon enough the scalpers will run out of supply and the people like me who are slurping up $JOE at these dips will be all that is left

No 3-6 month accumulation range at -90% where you can just dca for a free 5-10x when ETH gets a pump,

This is the time to either grab yourself by the scrote and buy the bottom, or get cucked on the sidelines.

cause it's almost joe time baby.

[Shroom @portayello]

@Branding_moh @bamatism I am

These prices won't last forever

[Shroom @portayello]

you open the $JOE chart in 3 months and it looks like this

wyd?

[Shroom @portayello]

babe, wake up

they're buying the picobottom again

[Shroom @portayello]

u could at least credit me

[Max @MaxBecauseBTC]

"$PEPE is lagging $ETH so hard & is never going to pump again. I should've just bought $ETH"

Wrong!

The dynamic that we're seeing right now is actually EXTREMELY healthy. $ETH is the alpha & it should be leading $PEPE. The higher $ETH goes before $PEPE turns up, the higher $PEPE will ultimately go.

Let's go through the 3 phases...

🟪 - Alpha & beta rally off of the floor together
🟦 - Alpha leads & beta bleeds
🟩 - Beta out-performs dramatically over a short period of time as alpha is getting ready to cool off

Just sit tight & know it's coming soon. This is what separates the boys from the men. Can you take the pressure & make data driven decisions or will you capitulate because you don't have control over your emotions?

[Shroom @portayello]

Imagine if you could buy the next $PEPE before it goes parabolic

it's crazy bc you don't even have to imagine

[Shroom @portayello]

Referring to this chart, specifically

$JOE market cap in April:
7000e, or $10M

$JOE market cap in August:
7000e, or $32M

[Shroom @portayello]

@CryptotwitsHQ

[bold @0xBold]

Ethereum memecoins are capitulating

$PEPE $SPX $MOG $JOE are all down significantly more than 50% from ATHs against ETH despite being at or near ATHs against USD

But before we get into that, let's first take a look at what happened when memecoins capitulated in 2023

The bottom was in for $PEPE around $300m way back in Oct 2023

Despite that, pepe actually retested the lows in late February 2024 and underperformed ETH significantly during that time

in fact, $ETH was up nearly 100% from the original lows at this point while $PEPE hadn't moved...

until it did - printing over 1000% gains!

Now I could go on and on explaining this, but at this point I'm sure you get my point

$PEPE $SPX $MOG $JOE (and probably some others) are nearing their support levels/lows against ETH

So if you've been giving up on $ETH memes, I understand where you're coming from, but the way I see it is we have BEEN here once before

The next rally will be explosive - just like the last ones

The question is, which racehorse are you choosing once the scale starts to tip the other way?

I normally never post about my Telegram channel since I feel like it comes off as tacky but...

https://t.co/sgKV9xoxIq

With $ETH nearing ATHs and potential 10x or 100x plays with size waiting for us on-chain, I feel like it makes sense to plug

godspeed