PUMP LED MEMES 9 PERCENT HIGHER WHILE MOST SECTORS FELL
Meme coins refused to join the red day today
The meme sector finished the SoSoValue snapshot basically flat while GameFi fell 3 percent and DeFi fell 2 percent
Inside that flat tape the split is violent
$PUMP is up 9 percent and $SPX is up 8 percent while $DOGE lags near 7 cents
So this is not a meme wave yet
It is one launchpad leader pulling a flat sector by the nose
Bulls say the $PUMP bid is the tell
Volume on $PUMP jumped 85 percent in a day and traders are paying up for the launchpad trade again
Bears scoff and their case is not weak
$DOGE is still down on the day and a sector where the biggest meme lags is a sector borrowing strength
My take as an analyst?
I side with the bulls for the next 48 hours but only on $PUMP itself
Chasing the laggards here is how you buy the part of the tape that already said no
Trade plan on $PUMP as sector leader
Entry near the current level after the 9 percent run
Targets 15 percent higher then 25 percent higher
Stop 8 percent lower
A daily close 8 percent under the entry kills the call and I walk away
PUMP bulls or meme skeptics
Which camp are you in and what number proves you wrong?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Meme
Meme coins refused to join the red day today
The meme sector finished the SoSoValue snapshot basically flat while GameFi fell 3 percent and DeFi fell 2 percent
Inside that flat tape the split is violent
$PUMP is up 9 percent and $SPX is up 8 percent while $DOGE lags near 7 cents
So this is not a meme wave yet
It is one launchpad leader pulling a flat sector by the nose
Bulls say the $PUMP bid is the tell
Volume on $PUMP jumped 85 percent in a day and traders are paying up for the launchpad trade again
Bears scoff and their case is not weak
$DOGE is still down on the day and a sector where the biggest meme lags is a sector borrowing strength
My take as an analyst?
I side with the bulls for the next 48 hours but only on $PUMP itself
Chasing the laggards here is how you buy the part of the tape that already said no
Trade plan on $PUMP as sector leader
Entry near the current level after the 9 percent run
Targets 15 percent higher then 25 percent higher
Stop 8 percent lower
A daily close 8 percent under the entry kills the call and I walk away
PUMP bulls or meme skeptics
Which camp are you in and what number proves you wrong?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Meme
