Date: 10.13 — Long-term picks update
#哈基米 Recommended entry: 0.03, five-tranche position (see the pinned post for an explanation of position sizing)
Target: 0.1. Long-term pick; no stop-loss.
Update since entry: Current price today: 0.025, an unrealized loss of around 16%. It dipped along with the broader market yesterday and is still being held.
Rationale: As a Chinese meme coin, it usually goes through a period of shakeouts early on. Once the underwater holders who bought at the top have been shaken out, the whales can push the price up more easily. They’re also waiting to accumulate heavily near the bottom—shaking out holders who can’t stay the course and testing their resolve, so retail investors who bought at the top sell at a loss and they can buy in. Still holding.
#İNJ Recommended entry: 7.5, five-tranche position. Current price: around 8.07. Target: 15 (2x). Currently up more than 7% on paper. (The coin has risen again as the broader market recovered; the current price level is unchanged.)
Update since entry: The CEO of Injective expects a U.S. spot INJ ETF to launch by 2027, possibly sooner. An amended S-1 registration statement is also expected to be filed this September, indicating progress in the relevant application process.
The appeal is the potential approval of an INJ ETF, which could help drive the price higher.
#xrp Recommended entry: 1.5, five-tranche position. Target: above 2. Current price: around 1.4; little movement today. Unrealized loss: around 7%. (I’ll adjust promptly if market conditions change.)
Update since entry: Entering around 1.5 was a reasonable decision. XRP’s key strengths are that regulatory matters have largely been resolved, institutional access through ETFs has opened up, and it has real-world utility for payments. These factors support its fundamentals over the medium to long term. In the short term, it may continue to move down with the broader market. If the market recovers, XRP is likely to be one of the first coins to rally. Still holding.
For timely advice, DM me through my profile!
#哈基米 Recommended entry: 0.03, five-tranche position (see the pinned post for an explanation of position sizing)
Target: 0.1. Long-term pick; no stop-loss.
Update since entry: Current price today: 0.025, an unrealized loss of around 16%. It dipped along with the broader market yesterday and is still being held.
Rationale: As a Chinese meme coin, it usually goes through a period of shakeouts early on. Once the underwater holders who bought at the top have been shaken out, the whales can push the price up more easily. They’re also waiting to accumulate heavily near the bottom—shaking out holders who can’t stay the course and testing their resolve, so retail investors who bought at the top sell at a loss and they can buy in. Still holding.
#İNJ Recommended entry: 7.5, five-tranche position. Current price: around 8.07. Target: 15 (2x). Currently up more than 7% on paper. (The coin has risen again as the broader market recovered; the current price level is unchanged.)
Update since entry: The CEO of Injective expects a U.S. spot INJ ETF to launch by 2027, possibly sooner. An amended S-1 registration statement is also expected to be filed this September, indicating progress in the relevant application process.
The appeal is the potential approval of an INJ ETF, which could help drive the price higher.
#xrp Recommended entry: 1.5, five-tranche position. Target: above 2. Current price: around 1.4; little movement today. Unrealized loss: around 7%. (I’ll adjust promptly if market conditions change.)
Update since entry: Entering around 1.5 was a reasonable decision. XRP’s key strengths are that regulatory matters have largely been resolved, institutional access through ETFs has opened up, and it has real-world utility for payments. These factors support its fundamentals over the medium to long term. In the short term, it may continue to move down with the broader market. If the market recovers, XRP is likely to be one of the first coins to rally. Still holding.
For timely advice, DM me through my profile!