Date: 10.14 — Long-term picks update
#哈基米 Recommended entry: 0.03, five-tier position (see the pinned post for an explanation of position management)
Target: 0.1. Long-term pick; no stop-loss.
Update since entry: Current price today: 0.025, currently down around 16%. It dipped slightly along with the broader market yesterday. Still holding.
Rationale: As a Chinese meme coin, it will likely spend some time shaking out holders first. Once the underwater buyers near the top have been cleared out, the market makers can push the price up. They are also waiting to accumulate heavily near the bottom—shaking out those who can’t hold on and testing the resolve of retail investors near the top, so they sell at a loss and the market makers can buy in. Still holding.
#İNJ Recommended entry: 7.5, five-tier position. Current price: around 8.07. Target: 15 (2x). Currently up more than 7% (I’m not holding any longer; I’ve sold and secured the gains).
Update since entry: The Injective CEO expects a U.S. spot ETF for INJ to launch by 2027, possibly sooner. An amended S-1 registration statement is also expected to be filed this September, showing that the related application process is progressing.
I’m bullish because approval of an INJ ETF could drive a rally.
#xrp Recommended entry: 1.5, five-tier position. Target: above 2. Current price: around 1.37; no movement today. Currently down around 9% (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 issues 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. As soon as market conditions recover, XRP is likely to be one of the first coins to rally. Still holding.
For timely advice, DM me on my profile!
#哈基米 Recommended entry: 0.03, five-tier position (see the pinned post for an explanation of position management)
Target: 0.1. Long-term pick; no stop-loss.
Update since entry: Current price today: 0.025, currently down around 16%. It dipped slightly along with the broader market yesterday. Still holding.
Rationale: As a Chinese meme coin, it will likely spend some time shaking out holders first. Once the underwater buyers near the top have been cleared out, the market makers can push the price up. They are also waiting to accumulate heavily near the bottom—shaking out those who can’t hold on and testing the resolve of retail investors near the top, so they sell at a loss and the market makers can buy in. Still holding.
#İNJ Recommended entry: 7.5, five-tier position. Current price: around 8.07. Target: 15 (2x). Currently up more than 7% (I’m not holding any longer; I’ve sold and secured the gains).
Update since entry: The Injective CEO expects a U.S. spot ETF for INJ to launch by 2027, possibly sooner. An amended S-1 registration statement is also expected to be filed this September, showing that the related application process is progressing.
I’m bullish because approval of an INJ ETF could drive a rally.
#xrp Recommended entry: 1.5, five-tier position. Target: above 2. Current price: around 1.37; no movement today. Currently down around 9% (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 issues 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. As soon as market conditions recover, XRP is likely to be one of the first coins to rally. Still holding.
For timely advice, DM me on my profile!