just look at the sun monthly. a gigantic hch
Post
asce808
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BearishPeople in crypto fail to see macro sometimes:
$TAO $SOL
1. not enough liquidity in the market, retail got mass liquidated on Oct 10 and literally right now longs are getting fucked and liquidated, whos gonna buy? It's literally econ101 when supply is increasing but demand is decreasing, price will go down.
2. recessionary reports, CPI and ADP not looking too good its very bad
UNTIL WE SEE either BREAKEVEN BLS REPORTS or better, or signs of no recessionary traits and cuts in December, there won't be a catalyst or bullish case.
$TAO $SOL
1. not enough liquidity in the market, retail got mass liquidated on Oct 10 and literally right now longs are getting fucked and liquidated, whos gonna buy? It's literally econ101 when supply is increasing but demand is decreasing, price will go down.
2. recessionary reports, CPI and ADP not looking too good its very bad
UNTIL WE SEE either BREAKEVEN BLS REPORTS or better, or signs of no recessionary traits and cuts in December, there won't be a catalyst or bullish case.
