$PENGU I watched it for a while, and it just wobbled around the 0.0076 level. It opened at 0.00783, briefly hit 0.00789 but couldn't hold, then dropped straight back to 0.00761 in the afternoon. The day's range was under 5%. I neither like nor dislike this kind of stuck-in-the-middle movement.
I can't see things clearly enough yet; if we were to talk about it, I'd say the timing isn't right. The whole market is cooling off right now. South Korea's two chip giants fell more than 6% before the market opened, the Nasdaq plunged 2% at last week's close, and Bitcoin fell 2% in 24 hours, nearing its previous low. Several analysts are all calling it a cooldown in speculative trading. If even BTC, the big guy, is taking a beating, what makes you think small-cap coins can rally right now?
Let me tell you, with meme coins, what scares me most isn't a drop—it's buying in when there's nobody left to catch it. Trading volume over the past two days was $6 million, not even a fraction of Bitcoin's. There may be plenty of people watching the buy side, but few actually place orders.
$PENGU I'll leave it alone for two or three days and see. If it breaks below the 0.007 level, I'm done watching it; if it holds above 0.008, I'll consider making a move. If it doesn't move, I'll wait. Chasing in and getting it wrong costs more than missing out.
#PENGU #山寨震荡 #Notes
I can't see things clearly enough yet; if we were to talk about it, I'd say the timing isn't right. The whole market is cooling off right now. South Korea's two chip giants fell more than 6% before the market opened, the Nasdaq plunged 2% at last week's close, and Bitcoin fell 2% in 24 hours, nearing its previous low. Several analysts are all calling it a cooldown in speculative trading. If even BTC, the big guy, is taking a beating, what makes you think small-cap coins can rally right now?
Let me tell you, with meme coins, what scares me most isn't a drop—it's buying in when there's nobody left to catch it. Trading volume over the past two days was $6 million, not even a fraction of Bitcoin's. There may be plenty of people watching the buy side, but few actually place orders.
$PENGU I'll leave it alone for two or three days and see. If it breaks below the 0.007 level, I'm done watching it; if it holds above 0.008, I'll consider making a move. If it doesn't move, I'll wait. Chasing in and getting it wrong costs more than missing out.
#PENGU #山寨震荡 #Notes