Pons' personal perspective
Not necessarily accurate—feel free to discuss
Pons’ fundamentals are solid: the deflationary flywheel, RB’s launch pad, and I personally think RB is a chain with a lot of retail investors. Also, the main operator plans to develop a Chinese module in the near future—US retail investors plus Chinese users… just imagine the room for growth. Add to that the bearish news from the rate hikes already being priced in. From a news/market-mood perspective, the downside on any pullback shouldn’t be too big.
Then looking at sentiment: this BTC drop this time hasn’t again caused Pons to fall. Around 0.5 there’s still fairly strong support. So if the price comes near this level, I would still add positions—save one bullet; if it breaks down, then find a spot and fire.
As for technical analysis: I won’t talk about meme charts technically.
The “little mountain” has already formed—find an entry point, go in, pons -> pump
#pons #BTC
Not necessarily accurate—feel free to discuss
Pons’ fundamentals are solid: the deflationary flywheel, RB’s launch pad, and I personally think RB is a chain with a lot of retail investors. Also, the main operator plans to develop a Chinese module in the near future—US retail investors plus Chinese users… just imagine the room for growth. Add to that the bearish news from the rate hikes already being priced in. From a news/market-mood perspective, the downside on any pullback shouldn’t be too big.
Then looking at sentiment: this BTC drop this time hasn’t again caused Pons to fall. Around 0.5 there’s still fairly strong support. So if the price comes near this level, I would still add positions—save one bullet; if it breaks down, then find a spot and fire.
As for technical analysis: I won’t talk about meme charts technically.
The “little mountain” has already formed—find an entry point, go in, pons -> pump
#pons #BTC