Trading Fam,
The Trump-focused memecoins have sucked millions of dollars in market cap out of other memecoins for arbitrage into their own recently created and released memecoins. This means that quite a few of my own entries dipped lower than I expected. Fortunately, I have only reached the final stop limit for one coin thus far. That coin was SAMO.
On the positive side, I think we can start to make good profits on oversold alts and memes soon. Hopefully, you all were able to capitalize on the TRUMP coin as I was in my own personal wallet to help make other losses hurt less.
Though, I think that SAMO will do extremely well eventually, I wanted to focus a bit more on the AI category of memes. As I have said previously, AI-genned coins and AI agents will lead this cycle of memecoins.
This particular coin has already dipped 70% once in the past. This recent dip constitutes an 80% drop from the top. Typically, I don’t like to enter memecoins that haven’t dropped 70-80% at least 3 times. This number seems to confirm belief in the token. However, because it’s an AI memecoin, I am going to make an exception. So, yes, this is a riskier trade, but it only constitutes less than 4% of our total portfolio. Therefore, we are reducing risk by way of proportional port reduction.
The price is currently right at a major support. And with the Bitcoin dominance chart (I will post this data next) showing a technically perfect retest of the underside of our 1.5 year bearish ascending wedge, I think it is finally time for alts to start another big pump. My signal has confirmed this theory with a number of big green dots, giving us multiple points of entry to DCA in on this dip.
The coin is:
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