Yesterday, the meme market started to drop sharply, and the market value of my holdings shrank by $100,000 in one day. However, if you are holding for the long term, you must endure this kind of large drawdown in market value, and you need strong psychological resilience. That is also why very few people can hold long-term positions. This wave of the main upward move for $PONS indeed topped out at the $1 level I had predicted. The extreme target of 1 billion will have to wait until this round of correction is over and the next main upward move begins. In terms of trading, yesterday I added about $30,000 near 0.8 when it dropped, and today I continued adding $20,000 near 0.75, increasing by about 70,000 pons. I also placed a large number of buy orders in the 0.6-0.75 range below, preparing to continue adding. Yesterday, the first liquidity pool reached the upper limit of $1 and all turned into U upon withdrawing the pool, which counts as selling high. The strategy for the second liquidity pool is to recover pons tokens during the decline. Today I have already withdrawn half of the liquidity pool and recovered some pons. If it drops to 0.7, I will continue withdrawing the pool to recover pons. I’m preparing to use the newly bought pons tokens to open a wide-range pool from 0.6 to 1.5 to mine pons. This correction cycle may be relatively long and could shake out positions for one or two months, but the depth of the correction will not be too severe, probably between 0.6 and 0.7. I also mentioned before this correction that there are no coins that only rise and never fall. A 30x increase followed by a correction is completely expected. The most important strategy recently is to buy more on dips and mine pons through the liquidity pool, while continuing to execute my own strategy during the correction period to lay a solid foundation for the next main upward move.
$MARSCOIN also fell sharply today, and I added about $5,000. It is normal for meme prices to fall with the overall market. I remain bullish on the outlook, and my overall strategy is still long-term holding only, never selling.
I bought $1,000 worth of the initial leveraged launchpad port this morning. I don’t know whether it can take off. Last night I used $30,000 to mine meme, but when I woke up, both pools had reached the upper end of the range, so I could only withdraw liquidity and ultimately mined 20,000 meme and more than 2,000 U.
$MARSCOIN also fell sharply today, and I added about $5,000. It is normal for meme prices to fall with the overall market. I remain bullish on the outlook, and my overall strategy is still long-term holding only, never selling.
I bought $1,000 worth of the initial leveraged launchpad port this morning. I don’t know whether it can take off. Last night I used $30,000 to mine meme, but when I woke up, both pools had reached the upper end of the range, so I could only withdraw liquidity and ultimately mined 20,000 meme and more than 2,000 U.
