Encryption | Slow Bull Tracking | October 3
The Slow Bull rankings have been refreshed again. This time, the top five are kind of interesting—I’ll go through them one by one.
SAND is up 65%, but the funding rate is negative. HL=2 suggests the bottom is genuinely lifting, but a negative funding rate means shorts are quietly adding to their positions. Even with such a big rise, if they’re still suppressing the funding rate, I lean toward taking partial profits—sell half first to lock in gains—and then holding the rest to see if it moves into a second wave.
I’m more bullish on JASMY and AAVE.
A rise of around 30% isn’t that exaggerated. HL=2 shows the bottom is lifting step by step. The pullbacks are only about 6 points. The long-side share is over 60%, the structure is very standard, and it doesn’t feel fully completed yet.
I personally have a small position in JASMY, waiting with orders; as long as the retracement doesn’t break the previous low, I’ll keep holding.
ALL and MAGIC are based on a different logic.
Their gains are only about 10%–27%, but the bulls have driven them up to around 80%, clearly someone is managing the move and slowly accumulating. However, HL=1 has only lifted the low once. I’m not too confident to go heavy, because I worry it could be a bull trap.
For these, it’s better to wait—when a retracement sets up a second higher low, then entering is more stable.
To be honest, the biggest fear in slow-bull markets is seeing the gainers list and chasing right in, only to end up buying halfway up the mountain. The essence of slow bulls is: rise a wave, pause, rise another wave—not pumping every single day.
Following the structure, you won’t lose too badly. Following sentiment, you might not even know how you died.
Which one have you been on recently? Is it still not too late to chase SAND now?
The Slow Bull rankings have been refreshed again. This time, the top five are kind of interesting—I’ll go through them one by one.
SAND is up 65%, but the funding rate is negative. HL=2 suggests the bottom is genuinely lifting, but a negative funding rate means shorts are quietly adding to their positions. Even with such a big rise, if they’re still suppressing the funding rate, I lean toward taking partial profits—sell half first to lock in gains—and then holding the rest to see if it moves into a second wave.
I’m more bullish on JASMY and AAVE.
A rise of around 30% isn’t that exaggerated. HL=2 shows the bottom is lifting step by step. The pullbacks are only about 6 points. The long-side share is over 60%, the structure is very standard, and it doesn’t feel fully completed yet.
I personally have a small position in JASMY, waiting with orders; as long as the retracement doesn’t break the previous low, I’ll keep holding.
ALL and MAGIC are based on a different logic.
Their gains are only about 10%–27%, but the bulls have driven them up to around 80%, clearly someone is managing the move and slowly accumulating. However, HL=1 has only lifted the low once. I’m not too confident to go heavy, because I worry it could be a bull trap.
For these, it’s better to wait—when a retracement sets up a second higher low, then entering is more stable.
To be honest, the biggest fear in slow-bull markets is seeing the gainers list and chasing right in, only to end up buying halfway up the mountain. The essence of slow bulls is: rise a wave, pause, rise another wave—not pumping every single day.
Following the structure, you won’t lose too badly. Following sentiment, you might not even know how you died.
Which one have you been on recently? Is it still not too late to chase SAND now?