A few weeks or months ago, my portfolio was more diversified. But I started cutting weak performers, even if they were working on great stuff.

Why?

Because a strong mission alone is not enough. Utility is just one part of a much more complex mix that drives a project's success. At the end of the day, price action speaks louder than potential. High performers tend to keep outperforming.

Meanwhile, many people are still bagholding dead projects. Take ZETA or PYTH for example. Both are working on interesting tech but in the last few months, they even made new lows, dropping below their initial listing prices.

That’s not a good sign.

Sometimes you have to cut losses and move on to protect your capital. Crypto or investing in general is not just about winning. It is also about not losing too much.

We will most likely see a few days of sideways consolidation, but once these resistance levels break things could get wild.