ok now let's zoom out
hottest narrative = stablecoins x equities (basis)
bought back seed investors bags
supply overhang not rly an issue now
does generate revenue
just enabled basis trade w equity perps (binance)
flipped the largest resistance level (0.20)
team worked incredibly hard during the bear
deviation
and no, i am not an investor i just appreciate good projects and nice charts.
$ENA
this is eerily similar to the sol vs eth trade last cycle where eth had infinitely more TVL than solana yet the volume of said TVL on solana was much higher.
we then proceeded to giga send sol while eth barely moved up.
ondo has more assets issued, yet backpack has 4x more volume on their assets.
meanwhile $BP is 90% cheaper.
this is a nice setup.
there was that one account on here that was so omega bullish drv and kept buying months ago during the bear
i sincerely hope he is winning and up massive
respect to that level of conviction
TOMORROW, catch the boys again - me, @0x_Leo_ and @paik_michael on Flow State at 2pm ET
that's the same time as the FED rate hike announcement so watch us react through it in real time.
we are not macro folks but we will have the charts up for ya'll!
one hour before @0x_Leo_ and I stream again - lots to discuss today with the main focus being on a few alts we like + robinhood chain eco
list a bunch of tickers you want us to review or analyze live on stream
ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241
solana:92LKNLj4aU9sjUKkgH5mQCuQTPSr42HwF2QrdWDApump
$AI / $MOO / $SPACEHOOD / $BONER
$CASHCAT
$UP
$DELTA
clan-tech:native
+ more
second stream tomorrow with @0x_Leo_ at 2pm ET.
a lot to discuss including some banger trades, the robinhood chain eco, and what comes next for our coins.
also playing another round of poker at the end to give away to a random viewer ❤️
the thing about being a decent momo perps trader vs an onchain trader is that us perps folk like to optimize for great entries and will cut very fast when price moves opposite of what we want
that doesn't really translate into onchain which is a whole diff skillset
it's very weird seeing upnl in the red onchain which causes overtrading
learning to schizo trade less onchain and hold through drawdowns
unc mode.
posted this in june and since then $LIT has outperformed $HYPE by 107%.
i believe it is now time for hyperliquid to continue the show.
hype/lit chart looks to be bottoming out.
there's like 3 coins to play with on perps and then most attention should be onchain right now
yes yes the eco is hot but we've never had this many normie users come in on a daily basis
net new capital + easy buying mechanisms + fun new onchain experiments
accelerate.
played out pretty much how I thought
837 is a level to hold if we get any moves down on open tomorrow
any consolidation over that i'm still team bulla
$ZEC