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Unipcs (aka 'Bonk Guy') 🎒
@theunipcs
If the Lord will, we shall live, and do this, or that. - James 4:15
Joined February 2024
1.5K Following    340.1K Followers
volume and how quickly an asset bounces during a flush are two of the biggest things you want to pay attention to they show you where dip buyers are aggressively stepping in and which assets have the strongest demand $USELESS is looking pretty damn good on both counts 👀 â€ĸ back to being a top 3 most traded memecoin on Coinbase alongside $PEPE & $DOGE, with only 3 memecoins in the top 50 â€ĸ volume up 144% in 24 hours, the highest ratio of any memecoin in the top 13 this is EXACTLY the kind of reaction you want to see from an asset during a flush like the Binance hack selloff while others panic sell, people are aggressively bidding $USELESS pay attention to the assets showing strength when the market gets ugly dips are for buying!
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on another note, $USELESS has the largest 24h drawdown of any cryptocurrency listed on Binance futures or traded on Hyperliquid perps so again, while it tends to outperform everything else when $BTC is trending strongly, the reverse seems to be the case during periods of extreme market stress like this the silver lining is that this presents an opportunity: an entry for those who have been sidelined so far, and a swing/quick trade for those who enjoy that kind of trading my core spot bags remain intact, but i like this as a swing trade here the kind of volatility you see on $USELESS is a trader's dream!
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