Gem Hunter Alpha me-retweet
The $PUMP thesis:
Pump Fun needs to continue dumping for a little while longer.
sell pressure needs to stop, and with no airdrop in sight YET, until that happens, it will keep nuking. (let it)
after the airdrop sell pressure settles, THEN IT WILL BE TIME TO LOOK BACK TO ENTER.
give it 3 weeks - 2 months from now (somewhere in between that will likely be the bottom) and also another probably 30%-60% downside from here (300m - 500m circ is prob a fair entry if it sits sideways there)
it will be completely bottomed out, and the entire TL will think it's completely dead.
everyone will fully give up on pump. people will call me an idiot for thinking it could pick back up. if people start attacking you for it, that's bullish as fuck.
"but bro but they extracted so much, it's not good for the eco"
In 1 year from now when crypto nukes to hell again, we'll all look back at us apeing into these shitters, and ALL of them will be dead. every single coin, whether it's on bonk, pump, jup, etc. I could not give less of a fuck about any of the trenches bullshit to be completely honest. (we play them while they're hot, but when they're NOT? everything is cooked regardless.)
This market is playing with emotions. So play them backwards.
until 99% of users are fed up & have truly given up on a coin, that's usually when you want to be jumping into it.
once the dust settles on $PUMP, it will be time.
let it sit sideways for a while, and we take advantage once price is sideways.
Only caveat is I'd like to see is if the founders (once pump bottoms out) show some sort of incentivization to run it back. If they did that I think this would make this trade a HELL of a lot easier to bring life back to this eco.
*** NOT A FUCKING HARD TRADE. ***
SUMMARY: Literally wait for it to bottom out w/ low volume and BUY THE FUCKING BOTTOM.
The TL will hate you for doing so, but they'll all buy back higher once it runs.
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