
the current market setup feels like one where i want to take a new trade for the first time in a long time in particular, extremely oversold assets on liquid venues with a history of explosive pumps look attractive i opened a small, low lev $PIPPIN long trade today TLDR: • down 97% from ATH from barely two months ago • available on liquid CEXs including Robinhood • very strong volume (currently doing same amount of volume as its market cap) • listed on every major perps CEX and has solid volume and Open Interest (OI) • its recent parabolic rally from sub $20m to $900m is still fresh in people's memory, so it's hard to imagine many other coins pumping 2–3 digit percentages and this not doing at least a 2x or more from its current market cap of a little over $30m i want to be clear that this is a very small size, very low leverage, very short term trade for me. funding is also starting to get elevated on perps so it could get volatile and liquidate late longers



