$USELESS 1D
When the market is in fear - I do not look for super-duper fundamental assets with 100% x's. Such assets simply do not exist. I look where there is asymmetry. #USELESS is precisely from this category.
The chart reads at first glance. A local bottom has formed, the seller's pressure has exhausted.
In this scenario, a rise from 2x to 10x is not a fantasy, but normal mathematics for this class of assets.
My opinion does not change: on the first bounce, it is not fundamental assets that shoot up, but meme coins.
Meme coins shoot up because:
— there are no unlocks
— there are no venture funds with a “sell” button
— there are no complicated conditions
The market is not about logical arguments. The market is about greed and fear. And yesterday it clearly showed that again.
