Daily Market Overview
$BID (+3.99%) and $VIRTUAL (+0.22%) both slightly in the green today, while broader market continues to pull back.
Not loving the TOTAL3 chart at the moment since we're sitting well below our 1.13T level, however, if there's any silver lining here it's that we're sitting above the 40D EMA and tested it as support.
Still strongly believe we have our alt season, but we have to be able to adapt to new information and we'll continue to monitor this closely.
This makes it even more important to take profits on your wins, and the @solsticefi strategy I discussed yesterday is even more applicable.
If you missed it, the high level summary is to lock in a percentage of your profits from each winning trade or airdrop and rotate it into stables like $USX or $eUSX.
These stables on Solstice provide delta neutral yield of around 7-8% at the moment, and you also earn Flares (their version of points) for their upcoming TGE.
Low risk but high upside play, as we enter late stage market cycle for crypto.
My ref for anyone interested (TfjC1VtZHJ).
Portfolio Updates
1) $SIRE - Mostly flat on the day (+3.4%) and sitting at 16.9m mcap. Regardless of how much we pull back, it's pretty evident that we're going to put in a higher low here. With αVault going live tomorrow, I expect the 250k deposit limit to fill up quickly. Price action will either follow immediately, or take a few days/weeks when people start to see the product in action. At $0.80 right now, price still seems insanely cheap.
2) $HERMES - Solid move up today (+23.7%) and back up to 697k mcap. Chart definitely looks like a potential reversal pattern with a lower low followed by a higher low and bullish divergence. We haven't heard an update on their twitter for almost a week now, so hopefully something is brewing. No change on my Sonar position, still 18th.
3) $KARUM - Another solid move today (+33.7%) and we're now right under 1m mcap at 967k. Chart also looks promising bc we put in our first higher low. If we can put a 3rd or 4th one then that would mark the trend reversal. Everything is lining up for terminal launch to the public in terms of timing.
4) $ARBUS - Up huge today (+50.2%) and we're back at 1m mcap (thank god). Still have some work to do on the chart, but on the 4H we have 3 consecutive higher lows and highs, so hoping we can build this momentum into the daily time frame. Fingers crossed.
Lazy out!
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