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Do NOT buy $PUMP after a 25% move caused by a series of KOL tweets just because it went up
The lows are probably in but you will have time for better entries
Reasons to be Bullish
(1) Monopoly for Degeneracy/Speculation in crypto & has the distribution
(2) 50% of revenue buys back tokens
(3) Token that benefits the most from Solana succeeding in the bull market
(4) Sentiment around it is so bad that it can only get better
(5) Token is very mispriced given its revenue, but (4) is driving price more than fundamentals are
(6) Huge pile of cash to invest in the ecosystem/new products
Questions
(1) Did it improve its fundamentals 25% overnight VS a flat market?
(2) Who will buy it here at these prices after that move?
(3) Token unlocks just started, is it not possible that this move is short covering from funds who got their unlocks?
The scenario in my mind that justifies top blasting would be if Bitcoin started to breakout from $66K