$PUMP In the past 24 hours, it’s up 15.74%, with trading volume of 164 million, but the Fed minutes just turned hawkish, nonfarm payrolls came in above expectations, and CPI is still sticking above 3%. I looked up the relevant correlations: US stocks and BTC this week are negatively correlated at -0.45; while crude oil is up 3%, BTC is down 2%. Risk capital is fleeing toward tangible/physical assets. Is this green candle on PUMP a hard pull, or a fake-out? Put your stop-loss at 0.0018—if it breaks, you have to get out, and your position size shouldn’t exceed 20%. If tomorrow night the CPI month-over-month continues to come in above 0.3%, funds will be drained from junk coins back into US Treasuries. At this moment, daring to chase higher is basically paying for liquidity. Make your own decision, but remember: the party for altcoins is always shorter than your fantasies—don’t just watch the screen.

View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned