Meme board: today’s heat check
GOOGL heat is up again—let’s talk a bit along those lines.
Divergence between meme leaders and smaller coins:
Leaders: DOGE 0.0952 (+11.75%), SHIB 5.87e-06 (+9.72%)
Smaller coins: PEPE 4.80e-06 (+23.08%), WIF 0.2449 (+24.63%)
Correlation between the meme board and BTC lately is around 0.6, roughly the same as early July.
On the weekend, meme volume is relatively low. Smaller coins are more likely to be hit by buy/sell orders and produce big swings; limit orders are safer than market orders.
It’s currently suitable to reduce exposure over the weekend. Wait until Monday’s open to come back once the direction is clear.
How are you handling your positions over the weekend?
#meme币 #DOGE #BTC
For personal observation only and not investment advice.
GOOGL heat is up again—let’s talk a bit along those lines.
Divergence between meme leaders and smaller coins:
Leaders: DOGE 0.0952 (+11.75%), SHIB 5.87e-06 (+9.72%)
Smaller coins: PEPE 4.80e-06 (+23.08%), WIF 0.2449 (+24.63%)
Correlation between the meme board and BTC lately is around 0.6, roughly the same as early July.
On the weekend, meme volume is relatively low. Smaller coins are more likely to be hit by buy/sell orders and produce big swings; limit orders are safer than market orders.
It’s currently suitable to reduce exposure over the weekend. Wait until Monday’s open to come back once the direction is clear.
How are you handling your positions over the weekend?
#meme币 #DOGE #BTC
For personal observation only and not investment advice.