quittable retweetledi
up about $1.6m on shorts right now so will give some insight on why I'm holding the short for far lower
(I think cycle topped)
I know everyone hates a bear but just listen to me real quick
Okay so first lets go back to right before we had our first big leg up for ATHs
sol dropped down to $160, trenches were dried up, and everyone was lost
Thats when we got OUR FIRST bail out by @_TJRTrades
TJR talking about memecoins absolutely sky rocketed the trenches.
He brought over everyone from the day trading community and entrepreneur community in general to come try out memes and the snowball effect was insane
We legged all the way to new ATHs ($260) and had a crazy run, but then comes the retrace and this is where I thought the cycle had originally topped
We retraced all the way down to 180 and the trenches were cooked.
then came bail out #2 trump dropping his coin
we were already going to 0 before trump came to temporarily save the trenches, same with TJR thats what people don't like to admit
if trump never dropped $trump we would be under 150 right now. The only reason we went up is because of the coin bringing back all the life to sol and the insane amount of motion he has
though when a single entity is the pure reason for a pump it is not sustainable.
Dopamine, Hype, euphoria are all temporary and can't cloud the brains of people who are up millions forever
More people lose than win in memecoins, and the more active the trenches are the more the rich get richer and the poor get poorer // basically meaning the longer trenches are hot the harder the retrace is going to be
We've had almost every bail out and top signal at this point. Bull been going on for almost 2 years and things are starting to slow down
just because I say the cycle has topped that does not mean it has ended
There will still be chances to make 6 figs in a day at sol 160
I honestly think the "bear" market is still a good time away
If you want some hopium we have one more chance of a narrative that is big enough for bail out #3 and that is @elonmusk dropping his own coin
curious to see how well this ages
Roxo@ignRoxo
Crazy till your not some of you are to blinded by euphoria for your own good
English
