Long
$SRM Long Idea
Top line: 
SRM is a good project - SPOT buys now for LT Hodl are entirely legitimate
*For rebound play -
BTC beginning to bottom as it does so playing certain ALTs will render > returns than BTC longs alone
*Suspect this bull run - (may not constitute full bull-market conditions) - will separate projects with better tokenomics and those with more institutional backing.
*
SOL ecosystem may not be CryptoVerse friendly (centralised, VC backed, majority whale controlled) - but it is institution friendly -> JRM $100m fundraising round for SRM, $FIDA, 
RAY, 
MAPS, 
OXY - all underwater despite 15% off market at dispersion, but all locked in for 5+1 years (cliff then differential vesting schedule) -> a.k.a These projects have legs
Looking now for dump to pull liquidity from majority residual long OI before producing a good run up
Macro Triggers:
14th Jan - USA Retail Sales MoM - est. 0%
17th Jan - China - GDP Growth Rate YoY announced - Previous 4.9%
18th Jan - Japan - BoJ interest rate decision
However trigger could just as easily be new announcements in CryptoVerse.
Timeframe: NEXT 3-15 days
Prediction:
Price to hit top somehwhere between red bars
Price Targets for subsequent buy ins in green
SRM is a good project - SPOT buys now for LT Hodl are entirely legitimate*For rebound play -
BTC beginning to bottom as it does so playing certain ALTs will render > returns than BTC longs alone*Suspect this bull run - (may not constitute full bull-market conditions) - will separate projects with better tokenomics and those with more institutional backing.
*
SOL ecosystem may not be CryptoVerse friendly (centralised, VC backed, majority whale controlled) - but it is institution friendly -> JRM $100m fundraising round for SRM, $FIDA, RAY, MAPS, OXY - all underwater despite 15% off market at dispersion, but all locked in for 5+1 years (cliff then differential vesting schedule) -> a.k.a These projects have legsLooking now for dump to pull liquidity from majority residual long OI before producing a good run up
Macro Triggers:
14th Jan - USA Retail Sales MoM - est. 0%
17th Jan - China - GDP Growth Rate YoY announced - Previous 4.9%
18th Jan - Japan - BoJ interest rate decision
However trigger could just as easily be new announcements in CryptoVerse.
Timeframe: NEXT 3-15 days
Prediction:
Price to hit top somehwhere between red bars
Price Targets for subsequent buy ins in green
Note
Very much still valid - begin looking for entry - Ideally after capitulation candle on BTC
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.