Long BAG - Degen Play
Long BAG - Degen Play
#catwifbag #memecoin #bag #degen #regard
You’ve heard about dogwifhat (WIF) but have you heard about catwifbag (BAG)? Lol. I def don’t make it a practice to trade meme coins but a follower of mine has alerted me to some attractive profits he has made trading meme coins on the SOL chain. Now, it should be noted that Solana is going through transaction/bot wars right now. Thus, the congestion. I am hoping that some of this gets patched up soon. That said, anything traded on this chain, should be traded with these issues in mind as they only add extra risk to an already degenerate play. Nevertheless, I am a bit bored with this continued sideways action that Bitcoin is showing. And with the Jupiter exchange, trading on the SOL blockchain is both easy and fun. Limit orders can be set for some automation. And outside of my public portfolio, I have been trading some of these SOL coins with good success. I may as well introduce you all to the fun.
So, I use Jupiter as my exchange of choice. Phantom as my wallet which connects right up and allows for quick and easy swapping. Slippage can be adjusted with a few clicks. Just make sure you are trading legit coins with high volume and good liquidity. In this case, make sure, if you follow me in this trade, you are trading the correct catwifbag coin. There are plenty of scammers that would love to take your money. Contract address for this coin is:
D8r8XTuCrUhLheWeGXSwC3G92RhASficV3YA7B2XWcLv
Confirm this address before entering any trades!
Anywho, I am taking a stab here in the meme space with this little fun coin. You can follow the X account here:
And to chart, I use birdeye.so.
So now, on to the trade. Not much data on the chart but I do see that price is right on that VRVP Point of Control. Also, nearing the bottom of the Bolinger Bands. With this sideways accumulation period nearing an end on Solana, I think this thing could move. All the way up to .10 cents, which is a 5x gain in total. However, set your limit sells tight. I have mine at around 1 penny. My entry was around .02 cents for a rrr of around 8 to 1.
Have fun with this and hold that BAG!
Stew