I closed half my position, and it's already flipped my capital by 5000%. I originally planned to take some profit at the previous high, but I accidentally hit the wrong button. I'm going to stay patient and accumulate more on the dips. Will this trade help me break even?
I used 25u to open a position and rolled it over, turning my capital into 250x. I held this trade for almost half a month, and every time it hit a key support level, I went all in and added to my position, peaking at a floating profit of 5000u. What do you all think is a good take profit level for me, and do you think I can hit that 1000x target??? If I hit the 1000x target, I'll randomly select 20 brothers who comment on this post to each receive 88u, so stay tuned! 😂
Right now, LAB has a market cap of 2.5 billion. We're estimating it could pump up to around 3 billion before we start offloading. Just look at RAVE; it peaked at 2.8 billion when the circulating supply was about 120 million. LAB's circulating supply is roughly four times that of RAVE. If you haven't started shorting yet, it's time to gradually build your short position. Don't chase the long; it's not really the right play anymore. Wait for the fees to drop—that's when the whales will start dumping.
#vvv This coin is pretty interesting. It's been slowly climbing from the bottom, already up 20x, yet it rarely appears on the gainers' list. The market cap has now reached 800 million, and it's estimated we've almost hit the ceiling. At most, it'll pump to around 25 before it's time to cash out and harvest. This process is also incredibly slow, akin to the movement of #pippin . You can now start laddering your short orders, with a stop loss set at a market cap of around 1 billion, which is about a 20% pump. The take profit zone is roughly between 2-5. This process may be extremely torturous; it definitely won't be like a rave-style guillotine. During this time, there will certainly be false breakouts and traps, essentially forcing us retail traders to provide liquidity. Brothers, chasing highs at this position isn't ideal; shorting is always more cost-effective at this level. Brothers, start placing small-sized orders to short.
$LAB This meme coin currently has a market cap of 2 billion with an FDV of 4 billion. It's been consolidating around 4.8. Binance has an internal review mechanism, and tokens on the BSC chain typically have a peak liquidity market cap of 2-3 billion. You can refer to how #coai peaked at 68$ on-chain. The contract is only 24$. Regardless of #MYX #AIA #river #rave , it's tough to break through a 3 billion liquidity market cap because altcoins are ultimately just altcoins. These coins lack any tokenomics or real-world applications. Binance won't let market makers keep flipping them to pump the price. Moving forward, I think lab might spike up to around 5.5-6, then the whales will open a ton of short positions above, turning the fees negative to lure retail investors into going long and providing liquidity, but then it will continue to bleed downwards, though this downtrend shouldn't last more than 48 hours.
#Inx I think this coin is gonna have a wave run. Remember the first time the pumpers ran it up 200% in a day, and then no one shorted it, leading to a massive crash from the peak. Right now, the fees are way too high, and no one’s shorting. It's just been ranging or continuing to pump. The pumpers have to bear those hefty financing costs, and when they close their contracts, there’s hardly any real profit—factoring in fees and costs, they might even be in the red. My suggestion is to take a small short position, but don’t go too heavy—2x leverage is the way to go. It’s possible that the first pump was just a test to see how heavy it is. If it’s too heavy, they might do a brutal washout before ramping it up again. I feel like chasing long positions here is riskier than going short.
$COLLECT This meme coin has such a high funding rate The whales are aggressively pumping but haven’t attracted big players to short it. It won't hold for long before they start liquidating and dumping it. The longer the whales drag this out, the more losses the open contracts incur. The funding reached 300% annualized, so if you’re not shorting now, when will you? Plus, it’s almost safe to say there are no opposing orders, meaning the whales' long positions have basically no real profit. Given this funding situation, the cost for the whales to pump is extremely high. I’d estimate this is just a quick play.