Recently, during the meme coin market rally, I have been positioning in some Penguin Coins. The idea is actually simple: Pepe has already risen, and Bonk also followed suit today with a surge. As a popular coin in the same track, Penguin Coins have a high probability of following the trend. What attracts me even more is that the trading volume is indeed increasing, but the price increase is not yet exaggerated, indicating that market sentiment is accumulating and has not been fully released. From this perspective, there is still room for imagination in the subsequent market. Of course, meme coins carry high risks, so you need to think clearly about the acceptable drawdowns.
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MEVSandwichVictim
· 01-04 14:49
Following the trend and playing Penguin Coin, I believe this logic only halfway.
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NFTFreezer
· 01-04 14:31
I get the logic of following the trend, but can this move really last until the moment of emotional release? I think most people won't be able to hold on.
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MysteryBoxAddict
· 01-04 14:30
The trading volume has increased but the price hasn't gone up yet. I’m familiar with this trick, just afraid you'll take the final hit.
Recently, during the meme coin market rally, I have been positioning in some Penguin Coins. The idea is actually simple: Pepe has already risen, and Bonk also followed suit today with a surge. As a popular coin in the same track, Penguin Coins have a high probability of following the trend. What attracts me even more is that the trading volume is indeed increasing, but the price increase is not yet exaggerated, indicating that market sentiment is accumulating and has not been fully released. From this perspective, there is still room for imagination in the subsequent market. Of course, meme coins carry high risks, so you need to think clearly about the acceptable drawdowns.