AI play on the hyped up BASE chain. Oversold recent with good recovery so far.
After the recent rise of TOSHI, profits are expected to flow into other BASE coins like LUM.
After the recent rise of TOSHI, profits are expected to flow into other BASE coins like LUM.
Note
This did not pan out well for me. AI narrative died hard and fast. SOLANA took a lot of liquidity with the many billion market cap pump n dump coins we've seen coming out daily. I expect 50% devaluations and dips in memes or underdeveloped chains, as it's just part of the risk/reward profile of the niche.It should pick up steam when ETH starts to run and return to the $4 area at least.
Note
As you can see from the reply 2 days ago, this was a very hard hold even at $3.84 entry. But the capitulation in the last 2 days has been giving me bottom vibes, so I added a small amount around $1.23. Didn't expect such a fast recovery. Looking at $8 to be visited in the next 3-4 weeks. But as always, due diligence. It's very hard to keep track of all the potential catalysts.
The market will be fluctuating heavily with FTX payments, but I'm pretty confident that BTCers getting paid in USD at 2022 prices are not going to buy back into a BTC near highs, they'll move to memecoins where the volume is.
Profits from FROC, the Basechain's star performer this week, are likely going to flow into other Base assets like Chomp and Lum, as we are seeing.
Trade active
If you are trading the volatility of this market with spot, you are probably having a good time - certainly doing better than leverage traders. I'm hoping Lum serves as a guide to current market theory, at least in alts/memes, that it'll be: a grind up through volatility or time, and all that matters is that higher lows are creeping up.
Financial tensions in the real world vs Player vs Player in the market will continue to cause tension for the average crypto trader. Remember that if you have cash available, you are doing better than most - patience is the hardest thing.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.