🔥 Lululemon Tumbles 20%On Weak Guidance is blowing up and here's my take ⚡
I've been watching #LululemonTumbles20%OnWeakGuidance closely and this is exactly what I expected.
When big brands like Lululemon miss guidance it tells me consumers are pulling back. That means people are tightening their belts. And when people spend less on yoga pants they sure as hell are not buying expensive crypto gems either. This is a red flag for risk assets across the board.
I think this is more than just one company. It's a signal. If a strong brand like Lululemon is struggling then the whole retail economy might be cooling. That hits sentiment hard. And sentiment drives crypto harder than most people admit.
Here's what I'm doing about it:
• I'm keeping my eye on BTC at 62K and ETH at 3K as key support levels
• My position: I'm holding my core coins but I'm not adding new bets until we see clearer signs of recovery
I want to hear what you guys think. Drop your view below 👇
#LululemonTumbles20%OnWeakGuidance #CryptoNews
I've been watching #LululemonTumbles20%OnWeakGuidance closely and this is exactly what I expected.
When big brands like Lululemon miss guidance it tells me consumers are pulling back. That means people are tightening their belts. And when people spend less on yoga pants they sure as hell are not buying expensive crypto gems either. This is a red flag for risk assets across the board.
I think this is more than just one company. It's a signal. If a strong brand like Lululemon is struggling then the whole retail economy might be cooling. That hits sentiment hard. And sentiment drives crypto harder than most people admit.
Here's what I'm doing about it:
• I'm keeping my eye on BTC at 62K and ETH at 3K as key support levels
• My position: I'm holding my core coins but I'm not adding new bets until we see clearer signs of recovery
I want to hear what you guys think. Drop your view below 👇
#LululemonTumbles20%OnWeakGuidance #CryptoNews